GOLD, results of the extreme forecast for February 26

→ When forecasting for February 26, the extremum actually formed on February 19 (see weekly chart). In general, not bad, you will agree.

→ Thus, the tolerance was one week. However, cyclical and technical analysis allowed us to pinpoint the entry point as the period approached.

→ From a cyclical analysis perspective, the week ending February 18 was the 19th week of the cycle. The base cycle of gold is on average 18 weeks. The cycle was clearly mature.

→ On February 16, technical indicators gave clear buy signals.



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