Gold (XAUUSD) broke through its August support yesterday. The gold price is now following its regular cycle, so the downward reaction came as no surprise. In the analysis of 14 November, we warned against a reaction high around 16 November and pointed to a price slump until around 27 November. Even without naming any price targets, position management could be excellently planned purely via this temporal directional filter.
The first signs of stabilisation should appear towards the end of the month and provide a sigh of relief until around 4 December. Our subscribers will receive the exact price targets and possible entry areas as usual via our mailing list.
An excerpt from past turning points:
- Gold high 16.11., tolerance 0 days
- Gold Low 12.11., tolerance 3 days
- Gold high 05.11., tolerance 2 days
- Gold low 28.09., tolerance 0 days
(Our turning points have an average tolerance of 3 days)
Note:
Within our Swing Trading strategy we use three special analysis methods. Only partial aspects have been published in this article and do not constitute a complete trading system or investment advice.
The first signs of stabilisation should appear towards the end of the month and provide a sigh of relief until around 4 December. Our subscribers will receive the exact price targets and possible entry areas as usual via our mailing list.
An excerpt from past turning points:
- Gold high 16.11., tolerance 0 days
- Gold Low 12.11., tolerance 3 days
- Gold high 05.11., tolerance 2 days
- Gold low 28.09., tolerance 0 days
(Our turning points have an average tolerance of 3 days)
Note:
Within our Swing Trading strategy we use three special analysis methods. Only partial aspects have been published in this article and do not constitute a complete trading system or investment advice.
