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<span style="font-size:12.0pt" "color: #00385d;"> November 13, 2023 <h4>Gold Prices Experience Retreat After Failed $2,000 Breakout</h4> </span>

November 13, 2023

Gold Prices Experience Retreat After Failed $2,000 Breakout

Summary

  • Gold prices retreated from the $2,000 per ounce threshold due to a lack of market-moving events.
  • Traders and investors locked in profits and exited long positions, resulting in a net selling trend..
  • Gold prices faced significant declines, shedding around $20 per ounce, and closed the week around $1,935 per ounce.

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Who is Patrick MontesDeOca ?

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VCPMI Robo-Advisor

Our automated robo-advisor, Nikki the Robot, provides artificial intelligence-based daily, weekly, monthly, and annual market reports using our proprietary Variable Changing Price Momentum Indicator (VC PMI) algorithm.

The VC PMI has a proven track record, boasting 90% and 95% probabilities of success, depending on the trade entry level. With Nikki the Robot, you can take emotion out of your trading and trade like a professional using our automated robo-advisor. Nikki does all the analysis for you.

Based on reversion to the mean, Elliott waves, Fibonacci analysis, and other key technical analysis methods, Nikki's reports provide you with all the necessary analysis at the start of your trading day. As a self-directed trader in precious metals, E-mini S&P, cryptocurrencies, and other markets, all you have to do is watch the market for when it reaches a specific buy or sell level.

Enter your trade and set a stop, as advised by Nikki, and wait for the market to reach the specified exit level. No more guessing. No more emotion. Trade like a pro with Nikki.

Try Nikki the Robot's reports today and discover the benefits for yourself. You have nothing to lose but the profits.

The VC PMI

The VC PMI, or Variable Changing Price Momentum Indicator, is an intelligent trading indicator created by Patrick MontesDeOca. It is designed based on the concept of reversion to the mean, which suggests that prices tend to move back towards their average over time.

The VC PMI combines various analytical tools and principles to generate trading signals. These include Elliott wave counts, Fibonacci numbers, W.D. Gann principles, supply and demand levels, pivot points, moving averages, and momentum indicators. By integrating these elements, the VC PMI aims to provide a comprehensive approach to analyzing market trends and making informed trading decisions.

One of the key components influencing the VC PMI is Vortex Mathematics. Vortex Mathematics is a mathematical framework that explores patterns and relationships found in the universe. It is used as a basis for the algorithm underlying the VC PMI, helping to connect and organize the different principles and indicators into a coherent and effective system.

By utilizing the VC PMI, traders can benefit from a multi-dimensional approach to analyzing the markets. It provides a holistic view of price movements, taking into account various factors that can influence market behavior. Ultimately, the VC PMI aims to assist traders in identifying potential opportunities for buying or selling based on a combination of technical and fundamental analysis.



VC Price Momentum Indicator