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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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    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.

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    VC Price Momentum Indicator
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