The price of gold has dropped sharply, but the bear market appears to be nearing its end.
On Monday, April 15, gold fell below 1,340 USD per ounce. This bear market began on October 4, 2012, when gold closed at its peak of 1,791.8 USD per ounce. Now, with gold around 1,320 USD, the recent drop seems to have accelerated. Using TCI analysis, we will explore whether a bear market rally is about to start. 🔗 More » Historical Perspective of Gold Prices
| TRADING SIGNAL MARKET | CURRENT PRICE | TARGET | STOP LOSS |
|
|
$1,350 per ounce (4/15/2013) |
$1.459 $1.419
|
Stop-Loss: $1.319 per ounce |
But first, let’s review the results of our previous trading signal on Dow Jones Industrial (April 22, 2013).
The Previous TCI Trading Signal on Dow Jones Was Accurate
Our last signal predicted a bull market lasting until April 5–9, 2013. The bull market continued for three days longer than expected. Regarding the target price, we set a goal of 14,850 points, which was met with close precision. Dow Jones Industrial reached a high close of 14,865.14 and an intraday high of 14,887.51, both on April 11, 2013.
