13 thoughts on “Gold Could Make A High This Month”

  1. Adam,

    Thanks for all the work you put in.

    Can we get an update on the gold cycle please? (ref: Gold Could Make A High This Month)

    Have we put in the new low and if so what should we expect the new high to be around. Do you still feel the cycle is in effect or is it dead?

    As always, your charts and analysis are greatly appreciated.

    Thank you

    1. Dear Raymond,

      Adam gave a quick update on gold the other day, however I wanted to share with your the analysis of our Chart Analysis tool and our "Trade Triangle" signals.

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      Chart Analysis

      Gold Spot (FOREX:XAUUSDO)
      Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
      Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

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      If you have any questions about the tool or analysis provided above, please contact our Support Team by calling 1-800-538-7424 or by emailing [email protected].

      Best Wishes,

      Lindsay Thompson
      Director of New Business Development
      INO.com & MarketClub

  3. Thanks Adam.

    Where's the next level of support? as gold is currently at $1160.

    Thank you!

  4. Westerngal,

    I think the pullback right now is probably at a level where it's going to find support for gold 1170 -- 1167 this represents a 61.8% Fibonacci retracement.

    All the best,
    Adam

  5. Adam,

    Where do you see the decline in gold finding support? Do you anticipate that it will increase in price again beyond the $1200 before year's end?

    Thank you!

  6. BEWARE! Gold will have a pull back, soon. But be ready to buy on the dips, into January 2010.

  8. Ric,

    Thank you for your kind words.

    Folks reading this blog probably think we paid you for that endorsement.

    All the best to you.

    Adam

  9. Adam,

    With 40+ years of experience in investing, as an teenage investor, then as a stockbroker, then as the Director of Trading, and now, as a retired investor, I have never seen any system as good as yours.

    Thank you,
    Ric

  10. I see a Gold short squeeze begining , similar to what happened recently with VW Shares in Germany , so if you are short Gold at this stage it is wise to close it and go Long.
    Good Luck

  11. Awesome Video Adam, Kudos to you and your team for putting such excellent efforts for traders. Weekly and Monthly trade triangles really works on this type of commodities. Just a suggestion if market club can add Linear Regression Channel on the charts in the future that be awesome tool for traders.

    Thanks
    marketclub member

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