Change-In-Trend

with Anthony, ZigZag & Platy

Gold Update

I have previously posted a chart of GLD and my expectation was for a move down into late June. Here is the chart with original labeling, the pitchfork has been drawn from the same pivot points with the updated method. Things seem to be progressing well and GLD could very well follow stocks down beginning early next week.

The Composite Cycle is currently inverted however there is an 81.55% probability that the cycle will revert back to normal (as posted) within 10 days and 79% probability of reverting back within 5 days.

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16 comments on “Gold Update

  1. drrock
    June 20, 2012

    Anthony,

    When you have a chance can you give an update on gold? Are the dates still intact, or have they shifted any? If nothing has changed, then it looks like topping action near the end of this week into next.

  2. drrock
    June 11, 2012

    Do you have a composite chart for the dollar? That might help us gauge what the dollar does here?

  3. maxpwrs
    June 11, 2012

    thanks for the reply. btw i have relatives down under in perth and melbourne…haven’t got a chance to visit them yet…

    • Anthony Tudela
      June 11, 2012

      You should go visit them but wait until September/October the temps then are 20-26deg C clear blue skies, the best time of year. Melbourne is cold now but a great city. Never been to Perth.

  4. maxpwrs
    June 11, 2012

    anthony,

    intersting site. i have been lurking because i really don’t have much to add. is your view on a lower low for spx still in effect or do you think we will have a higher low to create the next leg up on this rally?

    • Anthony Tudela
      June 11, 2012

      Dont worry only a minority of the readers post here.

      My original thinking was a lower low. Now its a higher low. Futures opened strongly higher, im now short. Will post update later today.

      They say good wine doesnt give you hangovers……..well its not true lol.

  5. JParker
    June 11, 2012

    I can’t find anything on here Anthony to show what you expect after a top on 11 – 12 th June?

    • Anthony Tudela
      June 11, 2012

      JParker

      Are you referring to gold or S&P?

  6. Anthony Tudela
    June 10, 2012

    Maggi please could you clarify your question?

    Thanks
    Anthony

    • Maggi
      June 10, 2012

      In short, do you use lunar cycles in your study?

  7. drrock
    June 10, 2012

    Thanks for the gold update. Do you have an astrocyle chart for gold you can post or is it pretty close to the composite you posted?

    • Anthony Tudela
      June 10, 2012

      Dr Rock no AstroCycle but the composite cycle has been posted.

      • drrock
        June 10, 2012

        thanks. i’m really finding your cycle charts helpful with my trading.

        • Anthony Tudela
          June 10, 2012

          Glad they are helping. They’re extremely powerful and much more effective than traditional indicators and oscillators. Once you are on the right side of the time cycle profits are pretty much guaranteed.

  8. Maggi
    June 10, 2012

    Thanks for your chart. Its very informative, I came across many different dates done by various website for the high of this uptrend- 13 June, 15 June and 18 June 2012, Did you see any possibility of the high +2days push back?

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