Change-In-Trend

with Anthony, ZigZag & Platy

Gold Pattern Inversion Update

In this post we saw that gold is following a nice invertible pattern, which may help us to look ahead at future behavior. The graph can be rotated about the pivot point to extrapolate a similar shape in the future as that from the past. The pattern can be followed roughly both in time and shape.

An update is shown below. We are currently at the blue circle, which correlates to the small correction at the end of 2007. If the pattern continues to hold, we should see gold remaining very bullish for the next few months, then slowing down after a re-test of the high but remaining bullish for the next few years.

Image

Gold Futures

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6 comments on “Gold Pattern Inversion Update

  1. curiousmind
    November 24, 2012

    Platy, I am a little confused. At first I thought we are looking at weakness this week with a possible low on NOv 27 for gold and silver, but now you said it is a temp top? which one is it?

    • platypusfoot
      November 24, 2012

      Where did I say Nov 27 would be a low for metals?

      • curiousmind
        November 25, 2012

        Sorry Platy, I think that call was from Anthony. My apologies!!

        • platypusfoot
          November 25, 2012

          Ah ok I see now… I think that is coming from his gold/silver roadmap, which is based on miners? Gold and silver are on a slightly different cycle so it is just a proxy. I think Anthony is working on a gold roadmap calculated using gold data.

  2. tom
    November 24, 2012

    that is beautiful indeed platy

    thnx

    • platypusfoot
      November 24, 2012

      Thanks Tom 🙂

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