One of our readers’ favorite tools is the Adaptive Dynamic Learning (ADL) predictive modeling system. This tool maps out technical and price patterns into an array of similar setups using historical data, then applies that data to current and future price bars. Using the ADL predictive Modeling tool, we can see into the future based on historical technical analysis that maps statistically relevant price activity and shows us the highest probability outcomes.
Monthly ADL Gold Predictions
In this research article, we’re going to focus on Gold and how current price action suggests a bottom is likely near the $1720 level. The YELLOW price channels on this Monthly Gold chart highlight exactly where we believe support is located for Gold. If this $1700 price level is breached to the downside, then the previous lows, near $1400, are the next support level for Gold.
UK lockdown is ending! The kids are all back to school starting Monday 8th March, soon followed by outdoor sports facilities, then shops with the bulk of opening including Universities to resume teaching students after Easter so in about 2 months now, by Mid May we will be largely be living in post pandemic lockdown s world when we can all soon go on holiday at home and abroad with our vaccine passports which should mark the start of a 2 year economic boom, given pent up demand and £400 billion of money printing to date. Though with 5 million on furlough then despite the coming boom unemployment will increase as 5 million workers find out whether they still have a job or not.