by Ramki | Nov 29, 2011 | Gold
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 existed a possibility of a sharp rally. But the price action we are seeing is...
by Ramki | Nov 21, 2011 | Gold
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 to consider going long from...
by Ramki | Sep 25, 2011 | Gold
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% retracement level of the whole five wave rally,...
by Ramki | Sep 8, 2011 | 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 an irregular B wave should have been followed by a five wave...
by Ramki | Sep 7, 2011 | Gold
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 overview of the bigger picture, and identifies two...
by Ramki | Sep 5, 2011 | Gold
One of the key reasons why Elliott Wave Analysis scores over other approaches to the market is because you are able to tell with a reasonable degree of confidence ‘where’ we are in the market’s progression. Just as we were able to identify a sizeable decline in Gold...
