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Gold Forecast: 'Kill Zone' Sets Up Mid-Term Rally
With the recent action seen in the markets, I thought it would be a good time to take a look at both the Gold market - as well as U.S. stocks (as measured by the S&P 500) - with each of these markets nearing key junctures. First, we will take a look at the U.S. stock market. Near-Term Picture for U.S. Stocks: The last low of significance for the S&P 500 index (or 'SPX') was made back on 8/18/23, which came from our dominant 45-day cycle, shown on the chart below: chart In our daily Market Turns report (which focuses on the U.S. stock market), our analysis called for a mid-term peak to form into the ... (full story)
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- Posted: Sep 17, 2023 10:54pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 425
