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Gold Probable Price Range for 9/13/2017
Gold Probable Price Range for 9/13/2017
Probable Price Range Low: 1312.83
Probable Price Range High: 1343.75
Customized (Testing) Price Range Low: 1312.83
Customized (Testing) Price Range High: 1343.66
Click here to learn the basic elements behind the Probable Price Range (PPR).
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.
Gold Probable Price Range for 9/11/2017
Gold Probable Price Range for 9/11/2017
Probable Price Range Low: 1331.63
Probable Price Range High: 1375.00
Click here to learn the basic elements behind the Probable Price Range (PPR).
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.
Gold Probable Price Range for 9/6/2017
Gold Probable Price Range for 9/6/2017
Probable Price Range Low: 1321.41
Probable Price Range High: 1375.00
Click here to learn the basic elements behind the Probable Price Range (PPR).
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.
Balanced Price Ranges 9-1-17
Below are Balanced Price Ranges (BPRs) calculated on 9-1-17. BPRs are calculated at the end of each trading day and are intended to bracket medium and long-term price movements. They can be coupled with other tools such as Potential Target Prices (PTPs) which, although likely less accurate, attempt to reveal potential price levels and are useful for evaluating whether price will move up or down in the future. Additionally, BPRs can be compared to where current prices fall within a price grid defined by Murrey Math. If the high end or low end of the Balanced Price Range falls above or below where the grid projects price, then that reduces the likelihood that the price extreme will reach that level – at least until something changes. So, here are the Balanced Price Ranges. Afterwards will be some examples of how the information can be used.
| Gold | 899.0833 | 1591.3333 |
| DXY | 87.8567 | 120.2808 |
| SPX | 1853.1667 | 2693.8333 |
| DJIA | 16168.7500 | 23502.9167 |
| WTI | 20.5667 | 91.2000 |
| TLT | 92.3333 | 149.8583 |
| DOG | 15.8183 | 21.9717 |
| EURUSD | 0.7656 | 1.2487 |
| WTIU | 6.5733 | 41.2400 |
| USDCAD | 1.2308 | 1.5124 |
| USDCHF | 0.8820 | 1.0704 |
| GBPUSD | 1.1474 | 1.3727 |
| EURCAD | 1.3120 | 1.6619 |
| EURAUD | 1.3053 | 1.6162 |
| EURCHF | 0.9635 | 1.1498 |
| EURGBP | 0.7841 | 0.9350 |
| AUDCAD | 0.9231 | 1.1060 |
| GBPCHF | 1.0865 | 1.3714 |
| AUDNZD | 0.9085 | 1.1109 |
| NZDUSD | 0.6637 | 0.8206 |
| AUDUSD | 0.6795 | 0.8272 |
| SCO | 23.0092 | 47.4275 |
Now, looking at the BPRs above, have a look at gold. Gold has a Balanced Price Range of 899.08 to 1591.34 (rounded numbers). At the time this is being written, gold has a Potential Target Price (remember the PTP tends to be less accurate and is more useful as a guide to the direction of price) of 946.27. So, 899.08 is significantly lower than 946.27. On the high end, 1591.34 is well above the daily Probable Price Range of 1375.00 for gold.
Taking a look at the big picture price grid for gold we get the following:
8/8 – 2000
7/8 – 1875
6/8 – 1750
5/8 – 1625
4/8 – 1500
3/8 – 1375
2/8 – 1250
1/8 – 1125
0/8 – 1000
The current price grid for gold covers the 1000 to 2000 range. Therefore, both the PPR of 946.27 and the BPR of 899.08 are outside of the grid. 1591.34 is within the grid. However, until a break above the 3/8 or 1375 level discussing 1400, much less above 1500, seems premature.
In addition, another gold price grid – this one customized around base 60 – might be helpful:
5/5 – 1393.82
4/5 – 1378.64
3/5 – 1359.05
2/5 – 1339.17
1/5 – 1319.29
0/5 – 1299.41
Currently there is dual-resistance at 1319.29 and 1339.17. This is below the 3/8 or 1375 Murrey Math Level. Above that, there will be another important resistance level near 1398.82. So, again, talking about anything above 1400, much less 1500 is very premature at this point until dual-resistance is taken out.
The following chart is a helpful look at gold:
The gold price is currently in a descending channel. The top of that channel is a little below 1365. Until and unless the top of the channel can be broken and held, it isn’t much use discussing anything above 1400.
If gold stays within the current descending price channel, there is the possibility it will finally dip below 1000, which – at least for the present moment – would appear to make the lower end of the balanced range the most likely.
Changing gears, one other example – AUDNZD – can help demonstrate the usefulness of Balanced Price Ranges. On 8-30-17 the BPR for the AUDNZD pair was .9154 to 1.1058 and the closing price was 1.097. On 8-31-17 the BPR for the same pair was .9035 to 1.1058, but the price had risen to 1.108 which was above the high end of the BPR. The next day, 9-1-17, the BPR for AUDNZD was .9085 to 1.1108, but the price was still above the high end of the range, closing at 1.113. A closing price outside the Balanced Price Range tends to indicate there is strong momentum in one or the other direction. In this case, AUDNZD is showing strong movement to the upside. Typically, the close will not stay outside the BPR for more than a few days, although there are examples where is has remained outside the BPR for several weeks. Even after the price moves back within the Balanced Price Range, it is possible for it to continue to move in the same direction so the closing price moving back within the BPR doesn’t necessarily mean the trend has played itself out.
Hopefully, this has given you an idea of how the Balanced Price Range can be utilized. The BPR isn’t designed to be used by itself to make decisions, but can be combined with your other tools to provide additional supporting evidence for whatever your decision may be.
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.
Gold Probable Price Range for 9/5/2017
Gold Probable Price Range for 9/5/2017
Probable Price Range Low: 1312.15
Probable Price Range High: 1375.00
Click here to learn the basic elements behind the Probable Price Range (PPR).
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.
Gold Probable Price Range for 9/1/2017
Gold Probable Price Range for 9/1/2017
Probable Price Range Low: 1298.40
Probable Price Range High: 1343.75
Click here to learn the basic elements behind the Probable Price Range (PPR).
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.
Gold Probable Price Range for 8/31/2017
Gold Probable Price Range for 8/31/2017
Probable Price Range Low: 1281.25
Probable Price Range High: 1325.52
Click here to learn the basic elements behind the Probable Price Range (PPR).
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.
Gold Price in Three Grids
The gold price recently reacted lower after crossing in to the dual-resistance at 1319.29 to 1339.17.
But looking at the gold price, there are actually at least three useful price grids you could construct that would reveal different support and resistance levels.
The first grid would be constructed on our familiar decimal (base 10) number system and looks as follows:
8/8 – 1375
7/8 – 1359.37
6/8 – 1343.75
5/8 – 1328.12
4/8 – 1312.5
3/8 – 1296.87
2/8 – 1281.25
1/8 – 1265.62
0/8 – 1250
These levels are based on Murrey Math. At the present, price is between the 3/8 and 5/8 levels. Under Murrey Math, we should expect that while the gold price is between 1250 and 1375, that around 43% of that time would be spent between 1296.87 and 1328.12.
The 2/8 and 6/8 levels, depending on where the gold price is can act as support or resistance. 4/8 can also act as another support or resistance level. If price reaches extremes below 2/8 or above 6/8 price often returns back to those levels.
The decimal system / Murrey Math combination are something that I have been using for a while to analyze price. However, another useful way to look at price level is to use base 60 and a modified form of Murrey Math appropriate to it. There are at least two useful ways to do this.
First, you can use an idealized base 60 grid as follows:
5/5 – 1357.64
4/5 – 1341.73
3/5 – 1325.82
2/5 – 1309.92
1/5 – 1294.01
0/5 – 1278.11
In the above grid, dual-resistance is 1294.01 to 1309.92. If you have observed today’s gold price action, you might have noticed that around the 1309 level the price turned back. Given the dual-resistance between 1294.01 and 1309.92 this was not surprising.
The second grid is also base 60, but is customized based on the current gold price and looks like this:
5/5 – 1398.82
4/5 – 1378.93
3/5 – 1359.05
2/5 – 1339.17
1/5 – 1319.29
0/5 – 1299.41
Yesterday, the gold price turned lower after crossing above 1319.29 to near 1328 before ending the day at 1315. The idealized base 60 grid would not have caught that turn while the customized one did.
There are several significant points here:
- If you only think and do your analysis in decimal (base 10) you are going to miss many important turns because they are invisible to you;
- An idealized base 60 analysis will allow you to see levels and turns that base 10 won’t, but there are other turns and levels it will miss as well;
- A customized base 60 level constructed on current prices will reveal other important levels and turns that neither decimal (base 10) grids and analysis nor an idealized base 60 grid and analysis will catch
The number system you work with to analyze price is analogous to language. Language shapes thinking and puts a box around what your mind can think and see in many respects. Number systems do the same thing. Only viewing the world through the decimal system (base 10) limits your thinking and analysis. One way to see price movement with new eyes is to use another number system such as base 60 to reveal levels that the decimal system simply has no way to reveal.
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.
Gold Probable Price Range for 8/30/2017
Gold Probable Price Range for 8/30/2017
Probable Price Range Low: 1300.00
Probable Price Range High: 1343.75
Click here to learn the basic elements behind the Probable Price Range (PPR).
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.
Gold Probable Price Range for 8/29/2017
Gold Probable Price Range for 8/29/2017
Probable Price Range Low: 1281.25
Probable Price Range High: 1323.09
Click here to learn the basic elements behind the Probable Price Range (PPR).
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.
Terry Kinder's Random Acts of Thought 