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What a smelly present the gold-shorties aka hedge funds have laid for us gold-bulls in the nest! By virtue of the facts definitely created last Tuesday, April 15, the hope should be kissed goodbye that gold might test the 1400$ mark again during the first half year of 2014. To me even the important 1372$ Gann Magnet or just the 1350$ seems completely out of reach for the next 8-12 weeks.
It’s patently obvious now that the downswing, got started on 03/17 at 1392.60, is much more likely to come to an end (80% of probability) the week after next at the combined weekly and monthly 1255 GUNNER24 Support than at the earliest next week (20% of probability). Until the middle of May gold is going to be supported poitively seasonally, before from then till July/August 2014 for all the gold-bulls another - thoroughly very painful – drought-stricken period full of fear and sweat will be in store. This one is lax and easily able to smash the so far absolutely stalwart 1180 monthly support thereby finally working off the mostly preferred absolute and final low of the correction (last notified in this issue) lasting since September 2011 on monthly base at 1050$...
Recently updated: S&P500 4 Hour
The Complete GUNNER24 Trading and Forecasting Course will give you the critical knowledge you need to forecast and analyze the markets with the GUNNER24 Forecasting Technique. The NEW course is a must for any trader/investor who wants to understand this innovative and revolutionary forecasting method and use it successfully in everyday trading. The materials in this course are all you will ever need if you plan to trade the markets and make a living doing so.