Friday's Predicted Daily Price Trends for Gold and Silver
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Editor's Note: This is Kitco's tool to help traders and investors determine tomorrow's price trends in gold and silver today! Gold and silver's predicted short-term price trend is determined through Intermarket analysis. Proprietary calculations are used to analyze several different markets that are influencing gold and silver prices, and determine the predicted price trend. With Kitco's help you can be ahead of the game by having a good idea whether the next trading day's price trends will be up or down--and knowing before everyone else does. Visit Kitco daily to obtain the latest predicted price trends in gold and silver!
This is www.vantagepointsoftware.com's latest Intermarket analysis, including the Predicted Short Term Crossover and Predicted Neural Network studies, suggest the following intra-day price trends for spot (cash) gold and silver futures for the next trading day.
Friday, October 13
Spot Gold Intra-Day Trend: Higher. VantagePoint’s short-term indicators are still bullish.
Spot Silver Intra-Day Trend: Higher. VantagePoint’s short-term indicators are still bullish.
Profitable traders recognize the days of following only one market are long gone. Intermarket analysis was developed by VantagePoint’s founder Louis Mendelsohn (www.vantagepointsoftware.com). In the early 1980s and is based upon the notion that all markets are inter-related. Thus, the price of gold on a daily basis is impacted by what many other markets are doing--from oil to the US dollar to equities and interest rates across the globe.
Even if you are using intermarket analysis, the relationships keep shifting in the evolving complex global economy. The www.vantagepointsoftware.com software factors in these shifting relationships to forecast trends based on the most sophisticated intermarket analysis in the industry. It uses a neural network process to identify which markets have the most influence on a target market, then produces a set of intermarket data to generate predictive indicators for short-term price trend forecasts including the Predictive Short Term Crossover Study and the Predicted Neural Index.
The Predicted Short Term Crossover study provides directional market forecasting by predicting one day in advance when VantagePoint’s proprietary predicted two-day exponential moving will cross above or below a five-day simple moving average.
The Predicted Neural Index is a highly accurate forecasting tool that predicts whether a market will move higher or lower in the coming two days. The Predictive Neural Index compares two three-day simple moving averages to one another – today’s actual three-day simple moving average with a predicted three-day simple moving average.