4xForecaster
Long

Update: $XAU vs $XAG Keeps Rising | $GLD $SLV $Gold #Silver $USD

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Friends,

It's been quite some time since we reviewed that chart, and Sunday being housekeeping day in my chart library, I decided to take a look.

At the time (10 OCT 2013), we stood at the completion of a bullish Kiss of Death pattern, thus expecting price to rise. In fact, from that level, we also offered a predictive analysis and forecast that projected a lofty target defined as "TG-3 = 77.75 - 10 OCT 013" (TG-1 and TG-2 were prior targets hit at 53.98 and 50.80 in a much smaller timeframe, respectively).

As of today, we refined our forecast by adding a lower probability bullish target defined as "TG-Hi = 80.29 - 02 MAR 2014", using both our proprietary forecasting strategy and a proprietary pattern template we had named "Great White" - not shown in the chart.


OVERALL:

As KoD completed shortly after the original chart on 10 OCT 2013, price followed our bullish directional bias. Of late, it moved closer to the original TG-3 = 77.75 - 10 OCT 013. However, we defined today a loftier target of lesser probability at TG-Hi = 80.29 - 02 MAR 2014.

Cheers,


David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & forecasting


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Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
the pair reverses with tops and bottoms
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