Forecast of daily high and low. - page 2
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June 27 forecast review.
Okay gang, we had some great forecasts today.
Exact forecasts on GBP/USD and USD/CAD,
Near exact on USD/JPY and GOLD.
Other pairs saw only one forecast satisfied or only some resistance at the forecast levels.
Lets go through the list.
GBP/USD-
The first probable high FORECAST was reached TO THE PIP and formed the high of the day.
Actual high price 1.5128
Actual high forecast 1.5128
The first probable low was reached and formed the low of the day by just over two pips.
Actual low price 1.5016
Actual low forecast 1.5018
EUR/USD-
The high forecasts were not reached. The volume was to the downside all day.
Actual high price 1.2397
Actual first high forecast 1.24.27
The first probable low, 1.2352, was reached and the price bounced back up for about 30 pips. However, the daily low did not form there.
The most probable low, 1.2312, was reached and the price bounced about another 30 pips.
However, the daily bottom did not form there.
The next less probable level, 1.2291, was reached but the price continued down. Pips over this target were 26.
Actual low price 1.2265
Actual closest low forecast 1.2291
GBP/JPY-
The first probable high, 134.93, was reach and the price bounced back down about 25 pips two times.
However, the daily high did not form there. The price over shot by about 30 pips.
The price was about 14 pips shy of the most probable forecast price of 135.38
Actual high price 135.23
Actual closest high forecast 135.38
The first probable low was not reached, yet the price came within only 5 pips.
Actual low price 134.15
Actual low forecast 134.09
AUD/USD-
The high forecasts were not reached. Mostly sideways market.
Actual high price 0.8776
Actual closest high forecast 0.8794
The first probable low was reached and formed the low of the day by just over five pips.
Actual low price 0.8706
Actual low forecast .8711
USD/JPY-
The first probable high was not reached but the price came within only 5 pips.
Actual high price 89.47
Actual high forecast 89.51
The first probable low was reached but did not hold.
The most probable low was reach and formed the low of the day by just over 8 pips.
Actual low price 89.06
Actual most probable low forecast 89.14
USD/CHF-
The first probable high forecast was not reached. Volume to the downside all day.
Actual high price 1.0938
Actual closest high forecast 1.0952
The first probable low, 1.0895, was reached. The price bounced about 40 pips, then continued back down.
The most probable low, 1.0864, was reached, however the price over shot by 50 pips.
Actual low price 1.0816
Actual closest low forecast (extreme) 1.0797
USD/CAD-
The first probable high was reached and formed the high of the day to the pip.
Actual high price 1.0372
Actual high forecast 1.0372
The first probable low was only shy by 1 solid pip. The bottom formed there.
Actual low price 1.0320
Actual low forecast 1.0319
NZD/JPY-
The forecasted highs were not reached. Volume to the downside all day.
Actual high price 63.86
Actual closest high forecast 64.36
The first probable low was reached but did not hold.
The most probable low was not reached, yet the price was only shy by 8 pips.
Actual low price 62.95
Actual closest low forecast 62.87
EUR/GBP-
The first probable high was reached and the top was formed. The price shot over by only 2 solid pips.
Actual high price 82.38
Actual high forecast 82.36
The first probable low was reached but did not hold.
The most probable low was reached but also did not hold.
The second less probable low was reached but did not hold.
The extreme level was reached, and the price shot over by 17 pips.
Actual low price- 81.20
Actual closest low forecast 81.37
AUD/CAD-
The forecasted highs were not reached. Volume to the downside all day.
Actual high price 0.9072
Actual closest high forecast 0.9088
The first probable low was reached but did not hold. The price shot over by 11 pips and hovered around these levels for the remainder of the day.
Actual low price 90.14
Actual closest low forecast 90.25
GOLD-
The first forecasted high was reached but did not hold.
The most probable high, 1261.88, was reached and the high of the day formed there. The actual high was only 0.77 cents higher. Lots of selling at this level.
Actual high price 1262.65
Actual high forecast 1261.88
The first probable low was reached but did not hold.
The most probable low, 1245.41, was reached and the price bounced right off of it for about $6.
The second probable low was reached but did not hold.
The extreme level was nearly reached. Only 0.55 cents shy.
Actual low price 1235.20
Actual closest low forecast 1234.65
June 28 daily forecast
June 28 daily forecast.
I was out doing other things until now. Some levels may have
already been reached. Lets see what our calculation
tell us today.
I'm also changing the names of the forecast levels, with "average" being the most probable.
GodSpeed
GBP/USD
LOW VOLUME TO THE UPSIDE- 1.5157
AVERAGE VOLUME TO THE UPSIDE- 1.5176
INCREASED VOLUME TO THE UPSIDE- 1.5215
EXTREME VOLUME TO THE UPSIDE- 1.5234
LOW VOLUME TO THE DOWNSIDE- 1.5066
AVERAGE VOLUME TO THE DOWNSIDE- 1.5028
INCREASED VOLUME TO THE DOWNSIDE- 1.4989
EXTREME VOLUME TO THE DOWNSIDE- 1.4950
EUR/USD
LOW VOLUME TO THE UPSIDE- 1.2311
AVERAGE VOLUME TO THE UPSIDE- 1.2350
INCREASED VOLUME TO THE UPSIDE- 1.2371
EXTREME VOLUME TO THE UPSIDE- 1.2391
LOW VOLUME TO THE DOWNSIDE- 1.2235
AVERAGE VOLUME TO THE DOWNSIDE- 1.2195
INCREASED VOLUME TO THE DOWNSIDE- 1.2157
EXTREME VOLUME TO THE DOWNSIDE- 1.2118
GBP/JPY
LOW VOLUME TO THE UPSIDE- 135.06
AVERAGE VOLUME TO THE UPSIDE- 135.53
INCREASED VOLUME TO THE UPSIDE- 135.91
EXTREME VOLUME TO THE UPSIDE- 136.29
LOW VOLUME TO THE DOWNSIDE- 134.40
AVERAGE VOLUME TO THE DOWNSIDE- 134.21
INCREASED VOLUME TO THE DOWNSIDE- 133.83
EXTREME VOLUME TO THE DOWNSIDE- 133.45
AUD/USD
LOW VOLUME TO THE UPSIDE- 0.8734
AVERAGE VOLUME TO THE UPSIDE- 0.8755
INCREASED VOLUME TO THE UPSIDE- 0.8777
EXTREME VOLUME TO THE UPSIDE- 0.8798
LOW VOLUME TO THE DOWNSIDE- 0.8690
AVERAGE VOLUME TO THE DOWNSIDE- 0.8668
INCREASED VOLUME TO THE DOWNSIDE- 0.8646
EXTREME VOLUME TO THE DOWNSIDE- 0.8624
USD/JPY
LOW VOLUME TO THE UPSIDE- 89.40
AVERAGE VOLUME TO THE UPSIDE- 89.57
INCREASED VOLUME TO THE UPSIDE- 89.70
EXTREME VOLUME TO THE UPSIDE- 89.85
LOW VOLUME TO THE DOWNSIDE- 89.27
AVERAGE VOLUME TO THE DOWNSIDE- 89.13
INCREASED VOLUME TO THE DOWNSIDE- 88.98
EXTREME VOLUME TO THE DOWNSIDE- 88.85
USD/CHF (NOT LIKING THIS CHF TODAY. LETS GIVE IT A SHOT ANYWAYS)
LOW VOLUME TO THE UPSIDE- 1.0928
AVERAGE VOLUME TO THE UPSIDE- 1.0951
INCREASED VOLUME TO THE UPSIDE- 1.0999
EXTREME VOLUME TO THE DOWNSIDE- 1.1045
LOW VOLUME TO THE DOWNSIDE- 1.0838
AVERAGE VOLUME TO THE DOWNSIDE- 1.0780
INCREASED VOLUME TO THE DOWNSIDE- 1.0734
EXTREME VOLUME TO THE DOWNSIDE- 1.0687
USD/CAD
LOW VOLUME TO THE UPSIDE- 1.0363
AVERAGE VOLUME TO THE UPSIDE- 1.0385
INCREASED VOLUME TO THE UPSIDE- 1.0404
EXTREME VOLUME TO THE UPSIDE- 1.0422
LOW VOLUME TO THE DOWNSIDE- 1.0342
AVERAGE VOLUME TO THE DOWNSIDE- 1.0333
INCREASED VOLUME TO THE DOWNSIDE- 1.0324
EXTREME VOLUME TO THE DOWNSIDE- 1.0305
NZD/JPY
LOW VOLUME TO THE UPSIDE- 63.56
AVERAGE VOLUME TO THE UPSIDE- 63.90
INCREASED VOLUME TO THE UPSIDE- 64.23
EXTREME VOLUME TO THE UPSIDE- 64.57
LOW VOLUME TO THE DOWNSIDE- 62.69
AVERAGE VOLUME TO THE DOWNSIDE- 62.35
INCREASED VOLUME TO THE DOWNSIDE- 62.18
EXTREME VOLUME TO THE DOWNSIDE- 62.02
EUR/GBP
LOW VOLUME TO THE UPSIDE- 0.8179
AVERAGE VOLUME TO THE UPSIDE- 0.8198
INCREASED VOLUME TO THE UPSIDE- 0.8232
EXTREME VOLUME TO THE UPSIDE- 0.8268
LOW VOLUME TO THE DOWNSIDE- 0.8093
AVERAGE VOLUME TO THE DOWNSIDE- 0.8057
INCREASED VOLUME TO THE DOWNSIDE- 0.8038
EXTREME VOLUME TO THE DOWNSIDE- 0.8020
AUD/CAD
LOW VOLUME TO THE UPSIDE- 0.9038
AVERAGE VOLUME TO THE UPSIDE- 0.9053
INCREASED VOLUME TO THE UPSIDE- 0.9071
EXTREME VOLUME TO THE UPSIDE- 0.9089
LOW VOLUME TO THE DOWNSIDE- 0.9000
AVERAGE VOLUME TO THE DOWNSIDE- 0.8983
INCREASED VOLUME TO THE DOWNSIDE- 0.8965
EXTREME VOLUME TO THE DOWNSIDE- 0.8947
GOLD
LOW VOLUME TO THE UPSIDE- 1245.13
AVERAGE VOLUME TO THE UPSIDE- 1253.53
INCREASED VOLUME TO THE UPSIDE- 1257.67
EXTREME VOLUME TO THE UPSIDE- 1270.22
LOW VOLUME TO THE DOWNSIDE- 1228.83
AVERAGE VOLUME TO THE DOWNSIDE- 1220.42
INCREASED VOLUME TO THE DOWNSIDE- 1212.15
EXTREME VOLUME TO THE DOWNSIDE- 1203.74
June 28 forecast reviews
Lot's of volatility today because of different financial events.
Thankfully, some of the forecasts were still valid.
Lets go through the list and also bring to light some weekly forecasted levels.
GBP/USD- The high forecasts of the day were not reached.
The low of the day, 1.5012, remained the same as yesterday, which was also extremely close to a weekly forecasted level of 1.5015. This could be due to pip differential..
This was also only 16 pips over the daily average low forecast.
EUR/USD- The high forecasts were not reached.
The "increased volume to the downside" forecast was reached and helped form the bottom of the day. Actual low 1.2151. Actual forecasted low 1.2157
GBP/JPY- The "low volume to the upside" forecast was reached and helped for the high of the day. Actual high 135.11, Actual high forecast 135.06
The forecasted lows were ignored and the price dragged on well past the lowest forecast.
AUD/USD- The forecasted highs were not reached.
The forecasted lows of the day were all ignored.
As stated earlier, this is a tough pair to forecast.
USD/JPY- The "low volume to the upside" forecast was reached and formed the high of the day.Actual high 89.41, Actual high forecast 89.40.
All daily low forecasts were ignored. However...
The low of the day fell directly in between two weekly forecasted levels.
Actual low 88.28, Actual weekly forecasted lows 88.40 and 88.16
USD/CHF- No high forecasts were reached.
The "low volume the the downside" forecast showed a nice bounce back up for about 60 pips. The price continued down after this.
The low stopped about 17 pips lower than the weekly low forecast.
That same weekly forecasted level was just 3 pips more than yesterdays low. Which could just be counted as spread differential. Let' see if this level holds.
USD/CAD- All daily high forecasts were ignored.
However, the most probable weekly high forecast was reached and helped form the high of the day. The price carried over by only 18 pips.Actual high of the day 1.0576, Actual most probable weekly high 1.0558. Lets see if this level holds.
NZD/JPY- No high forecasts were reached.
All daily low forecasts were ignored. However, the "extreme" weekly low forecast was nearly reached. Shy by only 4 pips, which could be spread differential. Actual low of the day 61.01, extreme weekly forecasted low 60.97. Lets see if this level holds.
EUR/GBP- No daily high forecasts were reached.
First daily low target ignored. Actual low came within only 13 pips of the "average volume to the downside" forecast. Actual low 0.8070, Actual forecasted low 0.8057
AUDCAD- No high forecasts were reached. However, the price came just 11 pips shy of the "low volume to the upside" forecast. .Actual high 0.9027, Actual high forecast 0.9038
All daily forecasted lows were ignored. However, the bottom came within only 11 pips of the weekly "less probable low" forecast. Subtract the spread, and that becomes within only 4 pips.Actual low of the day 0.8918, Actual weekly forecast 0.8907 Lets see if this level holds.
GOLD- Another great day for gold forecasts.
Actual high of the day 1245.05
Actual "low volume to the upside" forecast 1245.13
Shy by only $0.8 cents
Actual low of the day 1227.05 (Nearly directly in between a daily forcast and weekly forecast level. See below)
Actual "low volume to the downside" forecast 1228.83
Over the actual low by only $1.78
Actual weekly "extreme" forecast level of 1225.85
Shy by only $1.20
Once again, I am working out the kinks as we go. And with this much volatility happening...again...some levels just dont matter. Tomorrow looks better. Lets hope for the best.
GodSpeed
June 29 daily forecasts
Hoping to see very many forecasts met to the exact pip.
Yesterday's volatility gave us a lot of "room" to work with.
GodSpeed
GBP/USD
LOW VOLUME TO THE UPSIDE- 1.5111
AVERAGE VOLUME TO THE UPSIDE- 1.5131
INCREASED VOLUME TO THE UPSIDE- 1.5173
EXTREME VOLUME TO THE UPSIDE- 1.5214
LOW VOLUME TO THE DOWNSIDE- 1.5032
AVERAGE VOLUME TO THE DOWNSIDE- 1.4980
INCREASED VOLUME TO THE DOWNSIDE- 1.4937
EXTREME VOLUME TO THE DOWNSIDE- 1.4895
EUR/USD
LOW VOLUME TO THE UPSIDE- 1.2251
AVERAGE VOLUME TO THE UPSIDE- 1.2274
INCREASED VOLUME TO THE UPSIDE- 1.2323
EXTREME VOLUME TO THE UPSIDE- 1.2370
LOW VOLUME TO THE DOWNSIDE- 1.2175
AVERAGE VOLUME TO THE DOWNSIDE- 1.2116
INCREASED VOLUME TO THE DOWNSIDE- 1.2069
EXTREME VOLUME TO THE DOWNSIDE- 1.2024
GBP/JPY
LOW VOLUME TO THE UPSIDE- 133.90
AVERAGE VOLUME TO THE UPSIDE- 134.69
INCREASED VOLUME TO THE UPSIDE- 135.44
EXTREME VOLUME TO THE UPSIDE- 136.21
LOW VOLUME TO THE DOWNSIDE- 133.17
AVERAGE VOLUME TO THE DOWNSIDE- 132.21
INCREASED VOLUME TO THE DOWNSIDE- 131.44
EXTREME VOLUME TO THE DOWNSIDE- 130.67
AUD/USD
LOW VOLUME TO THE UPSIDE- 0.8552
AVERAGE VOLUME TO THE UPSIDE- 0.8627
INCREASED VOLUME TO THE UPSIDE- 0.8667
EXTREME VOLUME TO THE UPSIDE- 0.8704
LOW VOLUME TO THE DOWNSIDE- 0.8405
AVERAGE VOLUME TO THE DOWNSIDE- 0.8328
INCREASED VOLUME TO THE DOWNSIDE- 0.8248
EXTREME VOLUME TO THE DOWNSIDE- 0.8174
USD/JPY
LOW VOLUME TO THE UPSIDE- 88.86
AVERAGE VOLUME TO THE UPSIDE- 89.25
INCREASED VOLUME TO THE UPSIDE- 89.65
EXTREME VOLUME TO THE UPSIDE- 90.03
LOW VOLUME TO THE DOWNSIDE- 88.46
AVERAGE VOLUME TO THE DOWNSIDE- 88.00
INCREASED VOLUME TO THE DOWNSIDE- 87.62
EXTREME VOLUME TO THE DOWNSIDE- 87.25
USD/CHF
LOW VOLUME TO THE UPSIDE- 1.0841
AVERAGE VOLUME TO THE UPSIDE- 1.0872
INCREASED VOLUME TO THE UPSIDE- 1.0903
EXTREME VOLUME TO THE DOWNSIDE- 1.0935
LOW VOLUME TO THE DOWNSIDE- 1.0816
AVERAGE VOLUME TO THE DOWNSIDE- 1.0777
INCREASED VOLUME TO THE DOWNSIDE- 1.0745
EXTREME VOLUME TO THE DOWNSIDE- 1.0714
USD/CAD
LOW VOLUME TO THE UPSIDE- 1.0630
AVERAGE VOLUME TO THE UPSIDE- 1.0702
INCREASED VOLUME TO THE UPSIDE- 1.0738
EXTREME VOLUME TO THE UPSIDE- 1.0774
LOW VOLUME TO THE DOWNSIDE- 1.0455
AVERAGE VOLUME TO THE DOWNSIDE- 1.0419
INCREASED VOLUME TO THE DOWNSIDE- 1.0383
EXTREME VOLUME TO THE DOWNSIDE- 1.0347
NZD/JPY
LOW VOLUME TO THE UPSIDE- 61.85
AVERAGE VOLUME TO THE UPSIDE- 62.57
INCREASED VOLUME TO THE UPSIDE- 62.93
EXTREME VOLUME TO THE UPSIDE- 63.28
LOW VOLUME TO THE DOWNSIDE- 60.48
AVERAGE VOLUME TO THE DOWNSIDE- 59.79
INCREASED VOLUME TO THE DOWNSIDE- 59.43
EXTREME VOLUME TO THE DOWNSIDE- 59.08
EUR/GBP
LOW VOLUME TO THE UPSIDE- 0.8112
AVERAGE VOLUME TO THE UPSIDE- 0.8136
INCREASED VOLUME TO THE UPSIDE- 0.8148
EXTREME VOLUME TO THE UPSIDE- 0.8160
LOW VOLUME TO THE DOWNSIDE- 0.8081
AVERAGE VOLUME TO THE DOWNSIDE- 0.8051
INCREASED VOLUME TO THE DOWNSIDE- 0.8027
EXTREME VOLUME TO THE DOWNSIDE- 0.8003
AUD/CAD
LOW VOLUME TO THE UPSIDE- 0.9002
AVERAGE VOLUME TO THE UPSIDE- 0.9021
INCREASED VOLUME TO THE UPSIDE- 0.9040
EXTREME VOLUME TO THE UPSIDE- 0.9059
LOW VOLUME TO THE DOWNSIDE- 0.8916
AVERAGE VOLUME TO THE DOWNSIDE- 0.8868
INCREASED VOLUME TO THE DOWNSIDE- 0.8843
EXTREME VOLUME TO THE DOWNSIDE- 0.8819
GOLD
LOW VOLUME TO THE UPSIDE- 1247.92
AVERAGE VOLUME TO THE UPSIDE- 1249.67
INCREASED VOLUME TO THE UPSIDE- 1255.77
EXTREME VOLUME TO THE UPSIDE- 1261.90
LOW VOLUME TO THE DOWNSIDE- 1235.60
AVERAGE VOLUME TO THE DOWNSIDE- 1229.50
INCREASED VOLUME TO THE DOWNSIDE- 1223.39
EXTREME VOLUME TO THE DOWNSIDE- 1217.28
June 28 overlook GBPJPY
Scrolling back on the charts, I have noticed that the weekly forecast high on the GBPJPY was targeted TO THE PIP on June 28.
Actual high of June 28 135.24
Actual less probable forecasted high 135.24
revised forecast
The EURGBP has pushed back up.
All daily high forecasts were ignored.
However, I am seeing 0.8224 as the new most probable high of the day
The first weekly forecast, 0.8279, is nearly in range, and should also be considered as a potential target. Probably not today, but possibly tomorrow.
Let's see what happens.
The EURGBP has pushed back up.
All daily high forecasts were ignored.
However, I am seeing 0.8224 as the new most probable high of the day
The first weekly forecast, 0.8279, is nearly in range, and should also be considered as a potential target. Probably not today, but possibly tomorrow.
Let's see what happens.Revised forecast reached.
Actual high of the day 0.8227
Actual revised most probable high 0.8224
June 29 forecast reviews
Things really started to take shape after the US market opened. The formula is working great on most pairs and proving to be great on gold.
Lots of forecasts reached.
Lets go through the list.
GBP/USD-
No daily high forecasts were reached.
The "average volume to the downside" forecast was reached and the price bounced right off of it for about 80 pips!
This level didnt hold though, but the "increased volume to the downside" forecast was reached and helped form the low of the day.
The weekly forecast level of 1.4934 was also reached and the price bounced off this level for about 55 pips.
Actual low of the day - 1.4932
Actual "increased volume to the downside" forecast - 1.4937
Actual weekly low forecast level - 1.4934
EUR/USD-
The first 3 forecasts were reached, but the price went over the second one by about 30 pips.
The "low volume to the downside" was reached and helped form the low of the day.
Actual low of the day - 1.2167
Actual forecasted low - 1.2175
GBP/JPY-
No high forecasts were reached.
The " average volume to the downside" forecast was reached and held for a few hours. Eventually the low formed about 25 pips lower.
A weekly level was also close by.
Actual low of the day - 131.97
Actual average volume to the downside low forecast - 132.21
Actual weekly low forecast - 132.16
AUD/USD-
The low volume to the upside forecast was reached and the price carried over by about 13 pips. Fairly close. The high of the day formed here.
Actual high of the day - 0.8565
Actual low volume to the upside forecast - 0.8552
The low volume to the downside forecast was reached and the price carried over by about 15 pips to form the low of the day. Once again, fairly close.
Actual low of the day- 0.8390
Actual low volume forecast- 0.8405
USD/JPY-
There is little to say about this pair for today. Range was very small.
Only note worthy thing is that the weekly forecast level of 88.40 held all day and even provided a few small bounces through out the day.
USD/CHF-
The low volume to the upside forecast was reached, but the price shot over by about 14 pips. The high formed there. Fairly close.
Actual high of the day - 1.0855
Actual low volume forecast- 1.0841
Two low forecasts were nearly targeted. A lot of buying near these levels. Here are the stats.
Actual low of the day1.0751
Increased volume to the downside forecast 1.0745
Weekly low forecast - 1.0747
USD/CAD-
The low volume to the upside forecasted level was reached and the price was held from going past that level for a small portion of the day. Eventually the price continued up for about 18 pips.
Actual high of the day - 1.0648
Actual forecast - 1.0630
The low came within 11 pips of the forecasted low.
Actual low - 1.0466
Actual low volume to the downside forecast - 1.0455
NZD/JPY-
No high forecasts were reached.
Actual high - 61.69
The low volume to the downside forecast was reached and formed the low of the day.
Actual low of the day - 60.46
Actual low volume to the downside forecast - 60.48
EUR/GBP-
As stated earlier, the EURGBP was on a big uptrend all day.
About mid day, I gave just one level that the formula gave to be the most probable. The price carried over that new forecast by only 3 pips, and then eventually retreated back down for about 47 pips.
Actual high of the day - 0.8227
Actual revised forecasted high of the day- 0.8224
No low forecasts were reached.
AUD/CAD-
The low volume to the upside forecast was nearly reached, shy by only 2 pips.
Actual high of the day - 0.9000
Actual high forecast - 0.9002
The low volume to the downside forecast was nearly reached. Shy by only 8 pips.
Actual low - 0.8924
Actual low volume forecast - 0.8916
GOLD-
Another great day for gold forecasts.
I am going to let the numbers speak for themselves.
Actual high of the day - 1247.80
Actual low volume to the upside forecast - 1247.92
Actual low of the day - 1234.50
Actual low volume to the downside forecast- 1235.60
June 30 forecasts...
There are no daily forecasts for today.
The market has already moved a lot of pips on several pairs, and I arrived home a bit later than the open of the trading day.
My review for the day on currencies is only going to cover weekly forecasts.
I don't like what I see on Gold. Though, I anticipate some nice dipping in the price.
Low to be either near 1231.21 or 1223.68
For the high, price could see 1246.01 or even 1253.01, but I see it as unlikely.
On a similar note, the price of gold can only go so high. It is, in my opinion, near the time for gold to begin decreasing in price. In the past 3 years, it has nearly doubled in price. Extremely over bought, in my opinion.
If the price continues to rise even further, eventually the demand decreases even further. Similar to what happened with oil.
GodSpeed
As I said, gold was ready to take some serious dipping today.
However, I under forecasted.
My first target low forecast of the day is 1211.16
next is 1203.98
max is 1198.84
lets see what happens