Gold - USD / Monthly
This is pretty impressive.
Gold did in the end reach the monthly target. We were expecting this, as this was the monthly forecast, but in the back of our mind we were kind of hoping it didn't go so high, in other words we were hoping that our forecast was wrong.
Instead, after the main correction on the monthly timeframe (from September '11 to December '15), gold resumed its uptrend and continued to perform exactly, or almost exactly, the magnitude or the previous move (we have a final target in the 2700 area).
After reaching the target and after getting numerous buys, we will from that moment focus on the downside, at least for a weekly/monthly correction.
Gold did in the end reach the monthly target. We were expecting this, as this was the monthly forecast, but in the back of our mind we were kind of hoping it didn't go so high, in other words we were hoping that our forecast was wrong.
Instead, after the main correction on the monthly timeframe (from September '11 to December '15), gold resumed its uptrend and continued to perform exactly, or almost exactly, the magnitude or the previous move (we have a final target in the 2700 area).
After reaching the target and after getting numerous buys, we will from that moment focus on the downside, at least for a weekly/monthly correction.
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