GOLD expected to be DOWN until 27th - 28th Jul and will present a Good Turning Point on 28th Jul

This week's GOLD forecast is indicating DOWN pressure until 28th Jul'10 and 28th should present a good short term Buying opportunity for very good gains.. Although chart shows sell again on 29th Jul, but I would watch and may even wait till 30th Jul to see the force behind the UP move.

Actual Performance
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GOLD - Short term trend for the week of 19th Jul - 23rd Jul..

GOLD has already moved lower since the beginning of the week as was forecasted and we are experiencing the small bounce again as expected. Now the forecast is expecting a retrace from Wednesday's high into Thursday and then good move UP from Thursday lows to Friday.



Actual Performance
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GOLD performed exactly as was predicted last week 12th Jul - 16th Jul ....

GOLD performed exactly as was predicted last week 12th Jul - 16th Jul ....

See the comparison of forecast made in advance and how real action matched up..




Actual Performance
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GOLD to move to lower boundary of range

GOLD will be moving to lower end of short term range in next 2 weeks. The profit is to be made by shorting GOLD at the intermediate rallies.




Alternate Scenario 2:




Abhay

Look for buying opportunity in GBPJPY

A bounce was indicated in GBPJPY around 12th Aug lows. It seems like there may be a downturn again after this initial bounce. If it happens then it will be good opportunity to go Long in GBPJPY for a nice profit.




GBPJPY bounced as was forecasted and has continued to move down from there. It is now getting close to presenting a buying opportunity




Abhay

Sell Opportunity on 3rd Aug in GOLD for short term profit

Nice trading opportunity is developing in GOLD. Set up for nice shorting opportunity is developing for quick 2-3 days profit which then will present opportunity to reenter and BUY GOLD around 4th or 5th Aug'09



Compare how actual action played out...



Abhay

Sell Opportunity in GOLD: Sell on 17th Jul'09

Sell opportunity in GOLD on 17th Jul'09. Gold should form short term top around 17th Jul'09