🏆 GOLD – 14th week of the base cycle (15-20+ weeks). The pivot forecast on February 11 worked as a reversal on Tuesday and set a new high. Based on cycle timing, this pivot forecast may mark the top of the current base cycle. The cycle is quite mature. However, we should not forget about strong support at the October 28 extreme forecast level (2850 on the current futures contract).
⚠️ Next pivot forecast: February 24. Next extreme forecast: March 3 – the beginning of the retrograde Venus period, which I mentioned in early December.
👉 The working range of movement for the GC futures contract from the February 3 pivot forecast was between $5K and $10K per contract, depending on the exit strategy. Congratulations to those who entered – a great trade.
⚠️ Next pivot forecast: February 24. Next extreme forecast: March 3 – the beginning of the retrograde Venus period, which I mentioned in early December.
👉 The working range of movement for the GC futures contract from the February 3 pivot forecast was between $5K and $10K per contract, depending on the exit strategy. Congratulations to those who entered – a great trade.
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