Has anyone tried to work out whats going to happen the next few months with gold, the pound and EURUSD?
Armstrong posted the arrays of all three and I am hoping we can start a discussion about what everyones thoughts are on where price will go.
Here is my a summary and what I think will happen.
Gold elected a monthly bearish and august was a turning point with the next in November. For September there is a directional change, high volatility and a Panic cycle! so it looks like gold is in for a ride!
Also, according to the weekly turning points Socrates sometimes posts, 03-09 and 17-09 are important turning points, (I´m not sure if they are correct since they are provided sporadically)
In any case im thinking maybe next week will be the low intra day or closing and then a big move up.
Pound is similar, elected monthly bearish and august was a turning point with October likely the next one. September is also has a directional change, high volatility and again a panic cycle! Armtsrong wrote "When we look at the British pound, we also see a bounce and here the Monthly Bearish Reversal is 13027. A closing above this number today will also suggest that the pound should rally against the dollar into October". Price closed below this level so this implies there wont be a rally? will price just consolidate for now as the both the pound and the USD lose value?
And lastly the EURUSD, august was also a turning point until ideally october, september also has a small panic cycle. Armsrong also wrote that a close above the bearish monthly reversal of 1.1550 would imply a rally because there was a monthly bullish at 1.1429 which we have now elected at 1.40-1.45% away so we may have a 1% rule in play.
According to the weekly turning points 20-08 was one and the next is 03-09.
The 20-08 turning point was spot on as highest close, this week made a intraday high and closed making nice bearish pin bar.
So putting all this together I am expecting the EURUSD will move lower next week and atleast touching the elected bullish reversal at 1.1429 making a intraday or weekly low close and then turn back up the week of 10-09.
I could of course be completely wrong
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any thoughts?
I agree with everything except for the Gold turning point the one you are referring to was posted on the 20th August. This is the latest Gold Array(27th Aug) posted which points to 9/10 and not 9/3 as a turning point which lines up with the gold benchmark due the week of 9/10.
"Centering on time using the Array, prospective Weekly targets on the Turning Point Model, defined as highs or lows on an intraday or closing basis, are the weeks of 8/27, 9/3, 9/10, 9/17, 9/24, 10/8, 10/15, 10/22 and 10/29. Keep in mind that each target will normally produce the opposite event except during a Cycle Inversion, which is indicated when two targets produce the same type of event. Despite everything, the primary targets are, 8/27, 9/10, 9/24, 10/15 and 10/29. The two main targets to pay attention to are Mon. Sep. 10, 2018 and Mon. Sep. 24, 2018. The strongest target in the Weekly array is the week of September 10th for a turning point ahead. It does appear we have a choppy period starting 8/27 until 9/24 with each target producing the opposite direction for that 5-week period. "
"Our Benchmarks in the precious metals are reaching a convergence and are fixed for the weeks of 9/3 in silver followed by the gold target due the week of 9/10. Up to now, we were declining in this market since the last high was made the week of June 11th at 131300 for 9 weeks. We have been consolidating since the week of August 13th. "