I posted this earlier today. Let's keep this post fresh so we can see the worth of quindex's bearish charts about gold. What do these charts know about gold's fundamentals? "next week" by the way refers to this week.
quindex posted:
"Spot Gold (22-Day Cycle) : The pattern of my 22-day cycle charts suggest that the market is likely to trade between 383.5 - 396 initially next week. The distribution profile of my probability chart indicates that the market has a tendency to trade between 358.6 - 396. Speculative selling pressure will increase if the market is trading below 383.5. A projected barrier is located at 371.1 - 377.3.
