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Tuesday's Predicted Daily Price Trends for Gold and Silver
Monday November 25, 2013 08:37
Editor's Note: Introducing Kitco’s latest 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!
VantagePoint's latest Intermarket analysis, including the Predicted Short Term Crossover and Predicted Neural Network studies, suggest the following daily price trends for spot (cash) gold and silver futures for the next trading day.
Tuesday, November 26:
Spot Gold: Lower. VantagePoint’s short-term indicators are still bearish.
Spot Silver: Lower. VantagePoint’s short-term indicators are still bearish.
Intermarket analysis was developed by Louis Mendelsohn 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 on that day.
The Predicted Short Term Crossover study is when the predicted 2-day exponential moving average of prices one day ahead crosses and is above or below the actual 5-day simple moving average close.
The Predicted Neural Index predicts whether or not a three-day simple moving average of the typical price will be higher or lower two days in the future than it is today. The Predicted Neural Index compares two three-day moving averages to one another – today’s actual three-day moving average with a predicted three-day moving average.
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