Quick Wins By The Algorithm: Gold (XAU) & Gold ETF (GLD)
Gold (XAU) & Gold ETF (GLD)
On March 18th 2014, I Know First: Daily Market Forecast made a short-term prediction based on algorithms that Gold (XAU) and the Gold ETF (GLD) will fall in the seven day time horizon. In accordance with the algorithm the precious metal fell 4.1%.
Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
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