UBG - Gold: Annual Targets And S&D Prices For 2019/2020 Season

On September 28, 2018, we published our annual S&D report on Seeking Alpha for the gold market. In that report, the Variable Changing Price Momentum Indicator (VC PMI) annual price indicator anticipated, as the report was written with gold closing at $1,196, a Sell (S1) level of $1,336 to the Sell 2 (S2) level of $1,476. The average price was $1,251, and we clearly stated that the market closing above $1,251 activated the extreme levels above the annual price indicator of $1,476, which is the Sell 2 (S2) level.

Courtesy: TDAmeritrade

If we look at

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