GOLD, Going Down? 11 months update on Jan 2018 forecast

This is an update on the Initial forecast for GOLD provided at the start of year 2018 here.

On 8 Dec 2018, the forecast looks as the following picture:

5-Layer Model Description

The 5-Layer model provides future price directions in 5 different resolutions:

 (1) Yearly model,        (Dark Blue),   corresponds to a ~250 bars detrended cycle

 (2) Quarterly model,  (Light Blue),  corresponds to a ~100 bars detrended cycle

 (3) Monthly model,    (Green),          corresponds to a  ~50 bars detrended cycle

 (4) Weekly model,      (Orange),       corresponds to a  ~20 bars detrended cycle

 (5) Daily model,          (Velvet),         corresponds to a  ~10 bars detrended cycle

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