Tag Archives: Gold

Technical Analysis of Gold

Gold came off from near the 1895/1925 window, and for a brief while it looked like the recovery from near 1815 will indeed take us back towards the highs. But the recovery couldn’t be sustained. This is why I was … Continue reading

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Elliott Wave Analysis of Gold

There are many urgent voices asking for an Elliott Wave update on Gold. As you know, I have warned readers here not to be short of this commodity because no matter what your projected targets are for the end of … Continue reading

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Analysis of GOLD/EURO

Can we do an Elliott Wave analysis of Gold expressed in Euros? Sure. Maybe it will give us some clarity about the GOLD/USD picture ( or perhaps it will confuse us some more!) Elliott wave analysis of GOLD/EUR or the … Continue reading

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The Gold Rush- Elliott Wave Route

In my most recent update on Gold, I shared with you two charts that were prepared for a friend in the Far East. Some careful readers noted that I was calling for one more rally after we dipped to 1460. … Continue reading

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Outlook for Gold

Many of you are aware that I have been looking for a serious downmove in Gold, but only AFTER a second retracement of the move that followed the initial sell off at the end of an extended fifth wave. We are currently still in that second retracement. I would urge traders to be paitient because the recent moves are not suggestive of an imminent reversal. Take a look at the chart below for additional inputs.
Elliott Wave Analysis of Gold Continue reading

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Get ready to buy Citi

I hope you took profits on Citi above $14.50, locking in a 25% gain. I suspect that the current decline will be the final push, the catharsis! (Here is your chance to click on this word and check its meaning!). Unlike the previous trade, we should aim to hold the stock for longer Continue reading

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O Love of gold! thou meanest of armours!

Sometimes we celebrate too soon. I could be faulted for that vanity quite soon. But the signs are all there. A recovery to very near the resistance at $940 folowed by a $90 drop in a single session can only suggest that (a) there are no fresh buyers out there and (b) some people are actually selling even in the face of continuing troubles in the global financial markets. How else can you explain the gaps! Continue reading

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Gold is doing its final lap now

Quite a few investors and traders whom I know have been betting big on Gold. For them, this post should should serve as an early warning of what is to come. Once the current strength wanes, the metal will simply … Continue reading

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