Gold Price And Commodities Weakness Ahead

Gold is in the process of beginning a multi-month correction. Since one more run up in price is still likely at this stage, we are targeting the high $1300 area as a top. Subsequently, we expect a correction to last into the first half of 2017, where a significant bottom will occur.

We are expecting other markets to correct over the coming months, including global stock markets and peripheral currencies as the US Dollar once again becomes the go to currency.  We have included our oil forecast this week as this pair have been treading the same waters for some time now and both show the probability of weakness ahead.

Our oil forecast has been showing for some time that we expect a new bear phase to begin shortly. Although we didn’t get our $60+, you can see from our previous forecasts on our website, we have been targeting this next correction for some time.

Taking patterns in nature that repeat over different time frames like fractals as the basis for the forecast methodology, our forecast patterns can last for months and years. We create a most probable long-term fractal pattern…and then continually test and model it over multiple time frames to ensure the pattern remains a probable event.

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You can follow our short term forecasts on our web site.

Ken Ticehurst is the publisher of forecasts for a wide range of markets at kenticehurst.com he has a BSC (Hons.) in Industrial Design and decades of experience as a data analyst. Having used technical analysis during over ten years of trading, he became frustrated with how backward looking it is and set about creating a logical mathematical approach to analysing future prices.