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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Socrates on Gold

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Socrates on Gold Empty Socrates on Gold

    Post by Lobo Thu 08 Sep 2016, 1:22 pm

    Socrates on Gold GOLD-Text
    We did not elect the Weekly Bearish last Friday. This has level the week of August 29th as the low, which was the target turning point on the array at that time.
    Socrates on Gold GCNYNF-W-FOR-09-06-2016
    Socrates Wrote:
    AS OF THE CLOSE OF Tue. Sep. 6, 2016: We should see a trend change come September in NY Gold Nearest Futures so pay attention to events ahead. Last month produced a low at 130690 and so far we are trading neutral within last month’s trading range of 136970 to 130690. We need to breakout of this range to confirm the direction. Therefore, a close above will be bullish and a close below will warn of a possible decline.
    DAILY LEVEL
    The strongest target in the Daily array is Tue. Sep. 13, 2016 for a turning point ahead. It does appear we have a choppy period starting Wed. 7th until Tue. 13th with each target producing the opposite direction for that 5 day period. There are Daily Directional Change targets from Tue. 6th to Wed. 7th warning of a potential choppy swing period for these few days. Looking at the Array, the key Daily targets on the Turning Point Model, defined as highs or lows on an intraday or closing basis, are the days of Mon. 5th, Wed. 7th, Thu. 8th, Fri. 9th, Mon. 12th, Tue. 13th, Thu. 15th and Mon. 19th. Nonetheless, the main targets are, Wed. 7th, Fri. 9th, Tue. 13th and Mon. 19th.
    Since the high of 136970 established on Tuesday August 2nd, we have declined into a low at 130550 created on Thursday September 1st overall for 22 days electing in the process 4 Daily Bearish Reversals. The low formed at 130550 is still within technical channel support which rest down at 125250.
    Consequently, this market has bounced from that low established the past 3 days trading sidways. We elected the three Daily Bullish Reversals from that low at 130550. We need to focus on overhead resistance at 135810 on a closing basis. A closing above this number will imply a further rally briefly. Failure to achieve such a closing warns of a retest of support.
    Daily Level
    Indicator Description… Trend
    Immediate Trend ……….. BULLISH
    Short-Term Momentum ……. BULLISH
    Short-Term Trend ………. BULLISH
    Intermediate Momentum ….. BULLISH
    Intermediate Trend …….. – Neutral –
    Long-Term Trend ……….. (Bearish)
    Cyclical Strength………. – Neutral –
    Broader Trend …………. BULLISH
    Long-Term Cyclical Trend .. BULLISH
    ———————————-
    Note: Immediate to Intermediate provide the indications for the market on a short-term trend perspective. The last four indicators from Long-term up provide the top down viewpoint. When all are in a bullish mode, the trend is really booming so you then look to the next reversal above the market for target resistance. When this is all bearish, you look to the next reversal below for support. You will notice the indcators will start to change as a market is shifting direction. When everything is in a bear mode, you will find a more serious decline in underway.
    WEEKLY LEVEL
    The strongest target in the Weekly array is the week of September 5th for a turning point ahead. It does appear we have a choppy period starting 8/15 until 8/22 with each target producing the opposite direction for that 2 week period. We also see a choppy period between 9/5 until 10/17 with each target producing the opposite direction for that 7 week period. There are Weekly Directional Change targets from 8/15 to 8/22 warning of a potential choppy swing period for these few weeks. The key Weekly targets in time in the Array on the Turning Point Model, defined as highs or lows on an intraday or closing basis, are the weeks of 9/5, 9/12, 9/19, 9/26, 10/3, 10/10, 10/17. Nonetheless, the main targets are, 9/5, 9/19, 10/3, 10/17.
    Since the last low of 120150 established the week of May 30th, the market has continued to press higher reaching 137750 after a 5 week rally peaking the week of July 4th. Moreover, we have consolidated for the past 8 weeks from this last recent high. Currently, we have not elected any Weekly Bearish Reversals from this new high. The immediate Weekly Bearish Reversal to watch lies at 127510. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 133630 would also imply a technical based pause in the uptrend for now. We need a weekly closing above 135900 to imply a further advance is developing. We have elected 2 Weekly Reversals from the reaction low ofweek of August 29th leaving us to watch 133410 on a weekly closing basis to signal a further adavnce ahead. .
    Weekly Level
    Indicator Description… Trend
    Immediate Trend ……….. – Neutral –
    Short-Term Momentum ……. (Bearish)
    Short-Term Trend ………. – Neutral –
    Intermediate Momentum ….. – Neutral –
    Intermediate Trend …….. BULLISH
    Long-Term Trend ……….. BULLISH
    Cyclical Strength………. BULLISH
    Broader Trend …………. BULLISH
    Long-Term Cyclical Trend .. BULLISH
    MONTHLY LEVEL
    The strongest target in the Monthly array is January 2017 for a turning point ahead. It does appear we have a choppy period starting September until March 2017 with each target producing the opposite direction for that 7 month period. We have Monthly Directional Change targets due the days of July. September. andFebruary 2017. Looking at the Array, the key Monthly targets on the Turning Point Model, defined as highs or lows on an intraday or closing basis, are the days of September, October, November, December, January 2017, February 2017, March 2017, May 2017 and June 2017. Nonetheless, the main targets are, September, November, January 2017, March 2017 and June 2017.
    Since the last low of 104540 established during December 2015, the market has continued to press higher reaching 137750 after a 7 month rally peaking during July. So far the rally has been a respectable advance measuring some 31%. Last Month,July, was a new high at 137750, which was up for 0 month from the last minor low during August at 130690.
    Currently, we have not elected any Monthly Bearish Reversals from this new high. The immediate Monthly Bearish Reversal to watch lies at 124210. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 130690 would also imply a technical based pause in the uptrend for now.
    Monthly Level
    Indicator Description… Trend
    Immediate Trend ……….. – Neutral –
    Short-Term Momentum ……. BULLISH
    Short-Term Trend ………. BULLISH
    Intermediate Momentum ….. BULLISH
    Intermediate Trend …….. BULLISH
    Long-Term Trend ……….. – Neutral –
    Cyclical Strength………. – Neutral –
    Broader Trend …………. – Neutral –
    Long-Term Cyclical Trend .. BULLISH
    https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/socrates-on-gold-2/

      Current date/time is Thu 28 Mar 2024, 6:48 pm