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He is my view on gold for the coming week from May 14th to May 22nd. All data has been calculated using the price of 1245.7 at UTC 6.29. Future price curve is calculated using in-house timing technique.
Predicting gold prices and trading gold is not an easy task. Although, there may be just one good intraday pattern for quick profit during the day that can be of interest to both the traders and short-term speculators, it is recommended to hold swing positions in gold to take advantage of larger moves during the next 7 trading days. So you can make more money following this simple plan.
I expect gold would continue to grow forming today's HI at 1pm UTC (2015/5/14). The second HI will be at 9pm. The last point to consider closing your long positions if any is at 9am on the 15th of May.
Gold opens with gap down on the 18th of May.
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