I discovered a MAJOR indicator today which I'm using, it has indicated *every* single low as well as high points in gold for the last 8 years! What a gem!! It recently triggered in April which strongly indicates Gold has bottomed, this indicator has never been wrong. It was only triggered 4 times before April.
May 2006 - sell gold
March 2008 - sell gold
October 2008 - buy gold
August 2011 - sell gold
And in April, it said to buy gold. I am sure in June gold will be higher if not, it will never ever go lower from here, ever again.
If I get a sell signal for gold I'll post a comment, this indicator is a lagging indicator, you might miss the top off by a month or so, but I'm going to check every month for the next sell once the uptrend resumes.
This indicator is not even a chart indicator, or what you would consider "technical analysis". :) It'll be my own little trading gem!
May 2006 - sell gold
March 2008 - sell gold
October 2008 - buy gold
August 2011 - sell gold
And in April, it said to buy gold. I am sure in June gold will be higher if not, it will never ever go lower from here, ever again.
If I get a sell signal for gold I'll post a comment, this indicator is a lagging indicator, you might miss the top off by a month or so, but I'm going to check every month for the next sell once the uptrend resumes.
This indicator is not even a chart indicator, or what you would consider "technical analysis". :) It'll be my own little trading gem!
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