Basically, it’s a line created on a chart showing the average price of gold over the previous 144 days… And because the gold price changes every day, so too will the way this line moves.
Let me show you how this little known trick can help you predict where gold is going…
This black line shows the gold price movement since 2008, whereas the red line shows the 144 day moving average.
As you can see, the red line manages catch the low prices of gold almost every time from 2008 to 2012. So basically, if the two lines ever intersected during this period, you’d simply buy gold because you knew it was about to go up!
But here’s the thing. Now we’ve had a reversal. In fact the complete opposite is happening. And now, the 144 day moving average is catching the gold price at its highs!
In other words, as things stand, if you see the 144 day moving average intersect with the gold price you should sell your gold because it’s probably at its peak and should drop!
So why does this magic number work and who knows about it?
Not many people know about this number… And quite frankly, no one really knows why it works – only that it does!
Part of the reason why most don’t know about the number is because when people look at moving averages, they generally at the same numbers all the time.
People often look at the common 200, 50, 22 day moving averages. They use these numbers often to spot changes in trends in the year.
But in order to spot different trends (and potentially have more profitable trades), you should look at different moving average lines. Like the 144 day moving average.
It just goes to show: Next time you want to find a profitable trend, try making use of different moving averages to what everyone else is using!
Thrive in your possibilities,
Jonathan Bachrach
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