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XAU headed for March Hi

chart update from summer 2016

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#1 Russ

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Posted 31 December 2016 - 05:58 PM

This is the XAU oscillator signal from last summer that predicted the low this winter,  originally it looked like Oct/Nov would be the low and later I updated it to late Nov. , but have now looked at it again and decided that the Dec. low works.  Money flow divergence and other momentum oscillator divergences (second chart) are also giving confirmation to a low here as well as the trendlines on the price chart. A high should happen in March which is in agreement with John's Hurst cycle post below this one.  

 

Happy New year to everyone.

 

Russ

 


Edited by Russ, 31 December 2016 - 06:00 PM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#2 Russ

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Posted 31 December 2016 - 06:01 PM

Second chart...

 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#3 Smithy

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Posted 31 December 2016 - 07:32 PM

Russ, I'm a fan of your work but in this case I have the equinox (3/21/17) as a low for gold. TWT.



#4 Russ

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Posted 31 December 2016 - 08:21 PM

Russ, I'm a fan of your work but in this case I have the equinox (3/21/17) as a low for gold. TWT.

 

Smithy,

 

I do have a signal on the gdx chart for a low in Feb. and that is a possibility but the xau chart has been very correct and for now there should be a rally at least into Jan. but looking more like March, I will update as we progress along.

 

Russ


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#5 dougie

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Posted 02 January 2017 - 03:07 PM

believe i posted this a while back!

 



#6 Russ

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Posted 02 January 2017 - 09:37 PM

Thanks Dougie, I have not seen that one before, I do remember the GDX chart you posted though suggesting support.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/