Gold, A True Rally? – Time Cycles Cannot be More Accurate!
Oct 23, 2024
Time Cycles is a very important Technical Analysis study and is surprising that such basic concepts are rarely focused by traders.
It is simply amazing to see how easy Trading becomes if one is aware about such reversal time areas with exact date to the very minute.
See how we captured this entire rally of nearly 5900 points (8%) even before it started with the help of Time cycle. Following chart is picked up from Vayu-Gold report
MCX Gold Daily chart Anticipated as on 11th September 2024
MCX Gold Daily chart with 51 Days Time Cycle Anticipated as on 11th September 2024
MCX Gold Daily chart with 51 Days Time Cycle Happened as on 23rd October 2024
Happened as on 23rd October 2024
We used the concepts of Hurst’s Time Cycles and found actual cycles working on Gold prices. It is amazing to see it can be applied simply across Daily, Hourly, 15 minutes time frame and all working extremely well.
We can see that all the major lows formed on Gold is near 51 days cycle including the recent one formed at the start of September 2024 near 73000 and a rally of more than 8% from there has already been seen and Gold made fresh record high near 78857 levels. We have given hints about possible reversal on the upside in our short-term Vayu-Gold report.
For now, trend for Gold is positive. Looking at the sharp rally one should use buy on dips approach to ride the trend as long as 76600 remains protected on the downside.
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