GOLD 0.51% $1,391.7 gold futures

gold stock : abx

  1. 1,248 Posts.
    ABX : Critical Support 47.86
    (Barrick Gold Corporation)

    Monthly Cycle Pivot Center : 41.23 - 41.51 - 43.64
    Normal Lower Limits : 33.59 - 33.73 - 36.87
    Normal Upper Limits : 48.73 - 49.43 - 50.41

    Weekly Cycle Pivot Center : (50.34) - (52.88) - (55.44)
    Normal Lower Limits : 42.77 - 46.41 - 47.74
    Normal Upper Limits : 57.91 - 59.35 - 63.15

    Directional Indicator : [35.67] - 40.10* - [40.63] - 41.23 - 41.51 - 43.64 - 44.62* - 49.49* - (50.34) - (52.88) - [53.27] - (55.44)

    Significant Levels are 43.64 - 49.49* - [53.27] - (55.44)


    Remarks : The market momentum is strong when it is able to trade within the monthly cycle normal upper limits at 48.73 - 49.43 - 50.41. It is likely that the market will consolidate further within the weekly cycle pivot center at (50.34) - (52.88) - (55.44). As shown in the monthly cycle charts the monthly cycle normal trading range is defined at 47.86 - 59.91. The pattern of the monthly cycle charts suggest that the market has a tendency to trade between 50.87 - 56.90

    ABX : Monthly Cycle Charts
    http://www.qindex.com/abx.html
    Albert Cheung (Ph.D.)
 
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