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Category Archives: Gold
Wave analysis of Gold. Update 15 Jan 2010
Hello again. I am inclined to say that the post of 31 Dec was based on incomplete data for the short term because of the gaps. I had assumed (presumably incorrec tly) that we had an overlap. Perhaps the 4th … Continue reading
Wave Analysis of Gold, 31 December 2009
One of the reasons why traders should learn Elliott Wave Principle is because it gives you clues about the changing whims of the market much before any other system can. Remember, NO ONE can command the market to do as … Continue reading
Gold again! Update of 24 December 2009
Now that Gold has staged a smart recovery from the lows, [ and is likely to close the week above 1100 ], I thought it will be instructive to post how one should have traded this final fifth wave. As … Continue reading
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Elliott Wave Analysis of Gold 23 December 2009
Many investors and traders must be wondering about the immediate direction for Gold now that we seem to have come well below the 1100 level. My previous comment had said we need a weekly close below 1100 to cast doubts … Continue reading
Medium Term Outlook for Gold
Here is my medium term outlook for Gold. After having overshot the minimum target of 1161 handsomely and reached a high of 1226, gold has experienced a bout of profit taking. In the medium term, the outlook for gold calls … Continue reading
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Gold reaches record highs and first objective
Almost a month back, I wrote in these pages that Gold will stay bid until it reaches at least 1069, and if sentiment remains strong, we could even see 1161. At that time, the precious metal was trading at 1016. … Continue reading
Gold shines
Every now and then I run into these situations when I have to revise my analysis of several instruments at the same time. The simple fact is NO ONE can forecast the markets. What one can do is to determine … Continue reading
Gold posts head and shoulders top: 14 June 2009
Gold has closed below the neckline of what looks like a nice head and shoulders top. The neckline itself lies at 944, and will become a major resistance if the metal continues to slide towards its first target around 900. … Continue reading
Posted in Gold
Tagged elliott wave analysis of gold, gold trading, head and shoulders formation
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