Home > Uncategorized > Experimental Gold Probable Range 8-29-17

Experimental Gold Probable Range 8-29-17

Experimental Gold Probable Range 8-29-17

The probable range below for gold is Base 60 instead of Base 10. In terms of calculations, Base 60 has several advantages. One of the advantages are there are many more divisors for Base 60 – 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, 30 versus only 1, 2 and 5 for Base 10.

Utilizing Base 60 versus Base 10 also changes the structure of  price support and resistance.

Base 10 calculations result in Murrey Math Levels that run from 0/8 to 8/8 – essentially 9 levels or divisions of 1/8.

Base 60 calculations result in Modified Murrey Math Levels that run from 0/5 to 5/5 – essentially 6 levels or divisions of 1/5. These Modified Murrey Math Levels are easier to calculate as Base 60 numbers divided by 5 end up having a maximum of 4 decimal places while can have more.

The support and resistance levels also work differently. The Base 10 Murrey Math Levels are a bit more complex, but once you understand them the structure is fairly clear.

Base 60 Murrey Math Levels are simpler but, at least at this point personally, appear a little fuzzier.

Thus far, with just a few days looking at support and resistance levels, the Base 60 numbers look like they will catch some support, resistance, and turns that simply can’t or won’t be seen trying to view things through Base 10.

It’s possible that in the future that the Base 10 calculations for Probable Price Ranges (PPRs) will be replaced by Base 60 calculations. Alternatively, there could be either a hybrid between the two or a system using PPR1, PPR2 and PPR3 where one is Base 10, another is Base 60 and the third is either another Base Number or a hybrid Base 10 and Base 60 calculation.

Having said all that, here are the Experimental Gold Probable Price Ranges for 8-29-17:

Gold Probable Price Low: 1299.80

Gold Probable Price High: 1339.18

Note that 1339.18 is the top of the dual resistance formed at 1319.29 and 1339.18. Not to give away too much from Martin Armstrong, but near this dual resistance could prove problematic for gold. If you have been following the movement of the gold price today, it did move above the lower part of the dual resistance above 1319.29 before moving lower. This tends to reinforce the idea that this area will act as resistance and could be a level that gold simply won’t overcome at this point in time.

Disclaimer: The information provided here is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Author does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, author disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.

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