by Bill Downey     Price Analysis of Gold and Silver
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Technical Analysis Trading Gold, Trading Silver/ analysis By Bill Downey providing key turning points & charts for investors and speculators in Precious Metals Trading, and Precious Metals Markets

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Bill Downey, of Gold Trends.net, LLC, is an Independent Investment Analyst with over twenty years of study. YOU SHOULD NOT TAKE ANY MATERIAL posted on this WEBSITE AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. Do your own due diligence. No one knows tomorrow's price or circumstance. The author intends to portray his thoughts and ideas on the subject which may s be used as a tool for the reader. GoldTrends does not accept responsibility for being incorrect in its speculations on market trend or key turning points that it may discuss since they are at best a calculated analysis based on historical price observations.

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Short and medium term gold cycles

31 Mar 2016 3:29 PM | Bill Downey (Administrator)


The cycle chart is busy but don't let it throw you. All we have done is add the MEDIUM TERM cycles into the usual cycle chart you see. The Green is the ideal week for a turn and the Yellow is the WINDOW for a standard deviation required for cycles. Nothing works EXACT. Otherwise, the Greeks would have conquered the grain markets long ago.

The short term blue cycle favors higher prices until April 7th (plus or minus 72 hours). That is a bit above a 70% confidence factor. I've HIGHLIGHTED a cycle FAILURE/INVERSION in November to show it can happen. It has not happened in 9 turns and we're at the end of the quarter and at a medium term point. IF GOLD IS VERY STRONG it should be able to hold 1215-1222 on a weekly basis. Since 1207 is the low any failure there and your looking at the potential of 1190-1200. The bottom line is that for the moment, we can trust the blue cycle with 70% odds. Remember, there are no absolutes. If gold does rally and gets above 1245, then the potential to move to 1272-1307 even to 1322. If we begin to fail here, and move below 1207, it would introduce the potential of a cycle failure/inversion where 1190-1200 reside at the channel line marked support. If price were to move inside the 2016 uptrend channel then it opens up 1122-1172.



Technical Analysis :: Gold & Silver

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