Tag Archives: Gold

FOMC triggers spurt in Gold price

Yesterday I had posted a short term chart in Forbes suggesting a possible correction to 1625 area. However, from just below 1650 we saw a massive rally spurred by the FOMC statement. Of course, any shorts should have been stopped … Continue reading

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Posted in Gold | Tagged , , , | 3 Comments

Trading Gold can be made easy

Hah! So you really think trading gold can be made easy? It certainly does look so with hind sight, as the following charts reveal. But honestly, if you learn some Elliott Wave analysis, you could have captured at least some … Continue reading

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Posted in Gold | Tagged , , , | 9 Comments

Elliott Wave Comments on Gold outlook

In my 29 November Elliott Wave commentary on Gold, I suggested that Gold would probably need to come down a bit before rallying. The reason was I was looking for a much sharper recovery than what I was seeing. However, … Continue reading

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Posted in Gold | Tagged , , , , | 17 Comments

Elliott Wave Commentary on Gold 29 Nov 2011

A few days ago, in my Elliott Wave commentary on Gold, I wrote that we will get a move down to 1662, but that I would be happy to cover shorts just ahead of that level. The reason was there … Continue reading

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Posted in Gold | Tagged , , , | 6 Comments

Elliott Wave update on Gold 21 Nov 2011

Elliott wave analysis of Gold suggests that the recovery from 1534 to 1803 has fulfilled at least one part of the required correction. When we last considered this commodity back in September 2011, we were suggesting that it made sense … Continue reading

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Posted in Gold | Tagged , , , , | 10 Comments

Elliott Wave Analysis of Gold after sharp downmove

The sharp move down has all the characteristics of a move that starts after completing an extended fifth wave. Our target should be wave ii of the extended fifth, which lies at 1478. Having come down to 1626, the 23.6% … Continue reading

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Posted in Gold | Tagged , , , , , | 23 Comments

Urgent Elliott Wave update on Gold

When we use Elliott Wave Analysis in real time, there are warning signs on the way that tell us that perhaps we are on the wrong track. For example, the three wave rally to 1920 that I originally labelled as … Continue reading

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Posted in Gold | Tagged , , , | 18 Comments

Outlook for Gold – Elliott Wave Approach

Now that we have traded below 1835, many people are anxious to know how far it will go down. Like always, I prefer to ‘show’ you my analysis! There are two charts presented here. The first chart gives you an … Continue reading

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Posted in Gold | Tagged , , , | 9 Comments