Some of you remember that I said before US Election that by Predestination Theory and JAFR time analysis I calculated that Trump should be President, and he become a president.
All I want to tell you is that by the same calculations, and predestination Theory, where Gold is a CONSTANT commodity ( Gold is predestination and other formula INDICATION ) if we don't see 1180 Permanent target that means there will be a rate hike in December. If Gold see this PV target now before it goes up, then Rate hike should not occur this year but next year, if so New Permanent Target will be 1120$.
So Gold is an Indication for that. To be honest I prefer 1180 to be seen first, but we will see that Sunday as I will be monitoring Sunday Price and will gold reach one vital level before opening or stay where it closed.
I have a feeling Gold will go up to Temporary upper target without touching lower targets, but like I said we will find that out during Sunday.
I made this idea time ago:
As well you can see how gold closed right on The TP3 of Alteration levels
It is again very good sign for Gold Bulls, because we did not close under this level which is Vital level for whole year. If we close under it, Alteration levels change, as they are floating and recalculated when lower level is broken. That being said, we will catch the bottom here!
Thanks for your review. I have a question about Fed rate hike.
Trump as president want to focus on infrastructure spendings, it mean that this program will require some cheap money. So it mean, that is not likely to hike the rate. However, QE politics could increase inflation, so rate hike is necessary, am I right? But I can't understand why expectation on rate hike should also increase gold price, while it always do the opposite.