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Gold: What Comes First, $1440 or $1740

Scott Redler
Dec 22, 2011, 12:17 PM

Lots of people are asking me what comes first in the First Half of 2012 - Gold back above $1740 or down to $1,440.

 

The technical’s tell me that $1,440 is the better probability.

I measure the technical action of gold/GLD on a Daily/weekly/monthly basis.

 

I’ve been writing and trading it since 2008-  my first prediction back then was $1500 when it was trading $850.

More Recently in December, my 2011 prediction was $1700-$1800.  It did go a bit higher.

 

I’ve attached two charts below that have many of the Technical signals that has taken place this year.

 

Scott J. Redler is flat GLD/Gold.

 

 

 

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