Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2012 by Patrick Mikula All Rights Reserved
Here is a chart that shows the 60 minute mini gold futures contract. On this chart I have added the MarketWarrior indicator Square of Nine Chapter 2. This indicator draws support and resistance price lines based on the prices which fall on the diagonal cross and cardinal cross on the Square of Nine. On the picture below, I have added an arrow labeled A which marks a bottom on December 29, 2011 which fell right on top the support lines from the 225 degree angle from the diagonal cross on the Square of Nine. The price on this angle was 1521. This Square of Nine method has been identifying the final swing tops and bottom in gold for the last several years.
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