With all of the monetary expansion and inflation we are dealing with, I believe that Gold (analyzed here using the ETF:GLD) will continue to be an important market for traders to watch throughout 2021. This correction has a LOT of bearish power associated with it, so that will need to find support and dissipate before another long position can be taken, I am optimistic that we will get an opportunity of quality in this market before too much longer.
While I enjoy the elegance of this profitable exit point, I can't take any credit personally for the consistency and profitability of these forecasts.
I am just reading my tools measurements, so that makes me the equivalent to a reader reading you a poem that somebody else wrote. Anybody who has been trained in this process would come up with the same set of forecasts.
That said…It’s always so gratifying when you get in near the bottom and out near the top, and the analysis tools my partner at Market Forecasting Academy, Roger Khoury has created give me the power and precision I need to put up trades like this.
There has been a lot of “free money” shared as the result of these forecasts over the past 4 months.
I do this as a public service and to show people that even looking at it only once a week, the markets are NOT random, and can be accurately forecast. I hope you all got paid on at least one of the profits taken this week, and look forward to your comments!