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<span style="font-size:12.0pt" "color: #00385d;"> September 28, 2024 <h4>THE 360-DAY CYCLE AND MEAN REVERSION FORECASTS GOLD ABOVE $3100</h4> </span>

September 28, 2024

THE 360-DAY CYCLE AND MEAN REVERSION FORECASTS GOLD ABOVE $3100

Price Indicator Levels:

  • 360-Day Trend Momentum and Price Momentum with Probability Models
  • Current Price: 2668 (Gold Futures Contract) Trend Momentum (9 SMA at 2375)
  • Bullish Trend Confirmation: The current price of 2668 is above the 9-day SMA of 2375, indicating a bullish trend momentum. Probability Assessment: Staying Bullish Above 2375: The probability that the price continues an upward trend while remaining above 2375 is relatively high, estimated at around 75-80%. This implies a strong sentiment, and traders should consider staying long.
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