russ.browne.52

russ.browne.52

tighter intersection chart for 2016 low of gold

russ.browne.52

Trend lines indicate gold heading to 850

russ.browne.52

Gann swing indicator sell signal, also not that CM indicator at bottom shows strength of bullish and bearish moves, the last bullish move was not very strong below the yellow line, the next bullish move if it shows less strength that the Jan move will be a bearish confirmation on the indicator or not if the bulls are right which I doubt they will be because of...

russ.browne.52

the red short term moving average is now turning down on the weekly chart after trying to get above the 70 period moving average, based on other work of mine and also Martin Armstrong's work gold should bottom summer 2015. Note red horizontal line is from the 1980 peak.

russ.browne.52

note the horizontal line from the 1980 peak intersecting with the downtrend line at the pi cycle turn date. Current rally should stall out below the resistance lines.

russ.browne.52

The current rally should not exceed the broken uptrend line from the early 2000's and the final low should come next summer for gold and platinum, with perhaps the 850- 900 area offering good support, which is also down to the 1980 high area.

russ.browne.52

This chart is easier to see the channel, have not been able to figure out how to delete older posts yet. This chart includes the Armstrong pi cycle date line of early Oct. 2015 which according to my other work Platinum and probably gold should see their final lows. As for silver I am not sure when its final low will come, it could come earlier than than the other...

russ.browne.52

Dollar should hit resistance perhaps in a few weeks and Gold may rally after that into year end. I believe Gold's final low will come on the next pi cycle date in late Sept. 2015

russ.browne.52

Gold should rally into year end before declining into next pi cycle date Sept. 2015 around 900 dollars.

russ.browne.52

Note the fractal like behavior of Gold relative to the last abcde pattern, final low should be in Sept. 2015 (armstrong pi date) around 900 which is also Armstrong's ideal price and time area.

russ.browne.52

Chart expressing what Martin Armstrong said today, gold down to around 900 next year. My own oscillator on Platinum is projecting the final low for Sept. 2015 too.

russ.browne.52

Obvious support line is down at 13 or so, Martin Armstrong thinks it will get there my Sept. 2015 ideally, but if it happens sooner then it may go lower.

russ.browne.52

The red vertical line is the next Martin Armstrong pi cycle date in early oct. 2015, this is likely to be the final low for gold which he just stated on a radio interview today (Sept. 20, 2014), but if gold goes down sooner into this winter to the 900 level then it may drop further to 650 before rallying to 5000 dollars as confidence is lost in western governments...

russ.browne.52

wave 4 should peak this autumn 2014 followed by the final wave 5 low in mid 2015, which is in line with Martin Armstrong pi cycle model.

russ.browne.52

I think it may break to the upside out of its wedge based on other indicators not on this chart but I could be wrong too.

russ.browne.52

looking at the short term cci gdx may break to the upside

russ.browne.52

long term channel, hi in 2015.75 then low in 2020

russ.browne.52

Based on the bottom uptrend in blue gold may have found its support already, but if that line is breached with force then look for the 1000 level or even the 1980 hi as support, longer term Gold should go up into the later part of this decade perhaps around 5000 per ounce or more.