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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 happensFairly close on the max low.
Actual low of the day...1196.35
max forecast ... 1198.84
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 happensgood morning m8 your forecast for today ,week??
good morning m8 your forecast for today ,week??
Pardon my absence. The July 4 holiday took up some of my trading time.
Daily forecasts to start up again tonight, 6pm EST.
Weekly and monthly in the next few posts.
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.
GodSpeedLots more dipping in the price of gold during today.
Gold has finally found its way back past the 1200 level.
Is the AUDUSD going to follow it down?
Lets see what happens.
See below for weekly and monthly forecasts for gold and currencies.
Daily forecasts to follow at 6pm EST.
Monthly forecasts.
These are the first monthly forecasts.
These are less probable than the weekly.
And as stated in an earlier post, the weekly are less probable than the daily.
But lets give the monthly a go anyways.
I wish I had posted these earlier because some levels have already been reached. These can be counted or excluded from my accuracy count. It does not matter either way. Still lots of time left in the month.
GBP/USD
LOW VOLUME TO THE UPSIDE- range 1.5247 - 1.5265
AVERAGE VOLUME TO THE UPSIDE- 1.5323
INCREASED VOLUME TO THE UPSIDE- 1.5454
EXTREME VOLUME TO THE UPSIDE- 1.5585
LOW VOLUME TO THE DOWNSIDE- range 1.4817 - 1.4805
AVERAGE VOLUME TO THE DOWNSIDE- 1.4737
INCREASED VOLUME TO THE DOWNSIDE- 1.4607
EXTREME VOLUME TO THE DOWNSIDE- 1.4485
EUR/USD
LOW VOLUME TO THE UPSIDE- 1.2258
AVERAGE VOLUME TO THE UPSIDE- 1.2633 (current high of day)
INCREASED VOLUME TO THE UPSIDE- 1.2745
EXTREME VOLUME TO THE UPSIDE- 1.2854
LOW VOLUME TO THE DOWNSIDE- 1.2134
AVERAGE VOLUME TO THE DOWNSIDE- 1.2071
INCREASED VOLUME TO THE DOWNSIDE- 1.1853
EXTREME VOLUME TO THE DOWNSIDE- 1.1640
GBP/JPY
LOW VOLUME TO THE UPSIDE- 133.67
AVERAGE VOLUME TO THE UPSIDE- 134.72
INCREASED VOLUME TO THE UPSIDE- 135.73
EXTREME VOLUME TO THE UPSIDE- 137.82
LOW VOLUME TO THE DOWNSIDE- 131.37
AVERAGE VOLUME TO THE DOWNSIDE- 129.37
INCREASED VOLUME TO THE DOWNSIDE- 128.78
EXTREME VOLUME TO THE DOWNSIDE- 126.67
AUD/USD
LOW VOLUME TO THE UPSIDE- 0.8546
AVERAGE VOLUME TO THE UPSIDE- 0.8633
INCREASED VOLUME TO THE UPSIDE- 0.8782
EXTREME VOLUME TO THE UPSIDE- 0.8829
LOW VOLUME TO THE DOWNSIDE- 0.8223
AVERAGE VOLUME TO THE DOWNSIDE- 0.7944
INCREASED VOLUME TO THE DOWNSIDE- 0.7850
EXTREME VOLUME TO THE DOWNSIDE- 0.7707
USD/JPY
LOW VOLUME TO THE UPSIDE- 88.97
AVERAGE VOLUME TO THE UPSIDE- 89.36
INCREASED VOLUME TO THE UPSIDE- 90.62
EXTREME VOLUME TO THE UPSIDE- 91.26
LOW VOLUME TO THE DOWNSIDE- 87.30
AVERAGE VOLUME TO THE DOWNSIDE- 86.04
INCREASED VOLUME TO THE DOWNSIDE- 85.40
EXTREME VOLUME TO THE DOWNSIDE- 84.76
USD/CHF
LOW VOLUME TO THE UPSIDE- 1.0888
AVERAGE VOLUME TO THE UPSIDE- 1.0968
INCREASED VOLUME TO THE UPSIDE- 1.1234
EXTREME VOLUME TO THE DOWNSIDE- 1.1503
LOW VOLUME TO THE DOWNSIDE- 1.0549
AVERAGE VOLUME TO THE DOWNSIDE- 1.0415
INCREASED VOLUME TO THE DOWNSIDE- 1.0284
EXTREME VOLUME TO THE DOWNSIDE- 1.0149
USD/CAD
LOW VOLUME TO THE UPSIDE- 1.0679
AVERAGE VOLUME TO THE UPSIDE- 1.0750
INCREASED VOLUME TO THE UPSIDE- 1.0796
EXTREME VOLUME TO THE UPSIDE- 1.0952
LOW VOLUME TO THE DOWNSIDE- 1.0518
AVERAGE VOLUME TO THE DOWNSIDE- 1.0438
INCREASED VOLUME TO THE DOWNSIDE- 1.0362
EXTREME VOLUME TO THE DOWNSIDE- 1.0205
NZD/JPY
LOW VOLUME TO THE UPSIDE- 61.73
AVERAGE VOLUME TO THE UPSIDE- 62.57
INCREASED VOLUME TO THE UPSIDE- 62.36
EXTREME VOLUME TO THE UPSIDE- 64.99
LOW VOLUME TO THE DOWNSIDE- 58.71
AVERAGE VOLUME TO THE DOWNSIDE- 57.88
INCREASED VOLUME TO THE DOWNSIDE- 57.10
EXTREME VOLUME TO THE DOWNSIDE- 56.30
EUR/GBP
LOW VOLUME TO THE UPSIDE- 0.8295
AVERAGE VOLUME TO THE UPSIDE- 0.8365
INCREASED VOLUME TO THE UPSIDE- 0.8436
EXTREME VOLUME TO THE UPSIDE- 0.8578
LOW VOLUME TO THE DOWNSIDE- 0.8136
AVERAGE VOLUME TO THE DOWNSIDE- 0.8005
INCREASED VOLUME TO THE DOWNSIDE- 0.7895
EXTREME VOLUME TO THE DOWNSIDE- 0.7825
AUD/CAD
LOW VOLUME TO THE UPSIDE- 0.9017
AVERAGE VOLUME TO THE UPSIDE- 0.9190
INCREASED VOLUME TO THE UPSIDE- 0.9246
EXTREME VOLUME TO THE UPSIDE- 0.9429
LOW VOLUME TO THE DOWNSIDE- 0.8802
AVERAGE VOLUME TO THE DOWNSIDE- 0.8615
INCREASED VOLUME TO THE DOWNSIDE- 0.8520
EXTREME VOLUME TO THE DOWNSIDE- 0.8428
GOLD
LOW VOLUME TO THE UPSIDE- 1256.75
AVERAGE VOLUME TO THE UPSIDE- 1265.94
INCREASED VOLUME TO THE UPSIDE- 1296.79
EXTREME VOLUME TO THE UPSIDE- 1312.55
LOW VOLUME TO THE DOWNSIDE- 1210.94
AVERAGE VOLUME TO THE DOWNSIDE- 1181.64
INCREASED VOLUME TO THE DOWNSIDE- 1172.56
EXTREME VOLUME TO THE DOWNSIDE- 1141.55
( A NOTE ON GOLD.)- THE 1189.00 LEVEL IS A HIGH PROBABLE LEVEL BASED ON A MIX OF MONTHLY AND WEEKLY FORECASTS LEVELS. IT IS HOLDING FOR THE DAY, AND MIGHT HOLD UNTIL LATER THIS WEEK. I WOULD NOT BE SURPRISED IF GOLD TOUCHES 1104.58 SOMETIME THIS MONTH. THAT IS MY DEEPEST FORECAST FOR GOLD THIS MONTH. LETS SEE WHAT HAPPENS)
Do you guys/gals have a preference of which pairs I forecast?
I can keep up with the current 11, add some, or exclude some.
Which do you guys want forecasts for (either on the list or not on list), and which if any ( from the current list) do you not need forecasts for?
No weekly forecasts...
I've reviewed the forecasts on most of the majors and see that some forecasted levels have already been reached.
At this point in the week, I see no reason to post any weekly forecasts.
If it wasnt for the holiday, I would have posted earlier.
There are always more weeks down the road.
Look for the daily forecasts for tomorrow TO BE POSTED around 6 OR 6:30 est.
Gold weekly forecast...
I am only going to cover weekly forecasts for gold.
LOW VOLUME TO THE UPSIDE- 1215.85
AVERAGE VOLUME TO THE UPSIDE- 1235.15
INCREASED VOLUME TO THE UPSIDE- 1254.19
EXTREME VOLUME TO THE UPSIDE- 1273.22
LOW VOLUME TO THE DOWNSIDE- 1181.85
AVERAGE VOLUME TO THE DOWNSIDE- 1162.55
INCREASED VOLUME TO THE DOWNSIDE- 1143.20
EXTREME VOLUME TO THE DOWNSIDE- 1123.94
( A NOTE ON GOLD.)- THE 1189.00 LEVEL IS A HIGH PROBABLE LEVEL BASED ON A MIX OF MONTHLY AND WEEKLY FORECASTS LEVELS. IT IS HOLDING FOR THE DAY, AND MIGHT HOLD UNTIL LATER THIS WEEK. I WOULD NOT BE SURPRISED IF GOLD TOUCHES 1104.58 SOMETIME THIS MONTH. THAT IS MY DEEPEST FORECAST FOR GOLD THIS MONTH. LETS SEE WHAT HAPPENS)
Do you guys/gals have a preference of which pairs I forecast?
I can keep up with the current 11, add some, or exclude some.
Which do you guys want forecasts for (either on the list or not on list), and which if any ( from the current list) do you not need forecasts for?ill watch your forecast gu -eu daily, weekly- hope you can predict tomorrow
ill watch your forecast gu -eu daily, weekly- hope you can predict tomorrow
No problem.
Daily forecasts coming in about 20 mins.