by Ramki | Mar 21, 2022 | Gold
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, the markets just fooled me. Sure it did come off...
by Ramki | Mar 21, 2022 | 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 warning you to be very careful during that recovery....
by Ramki | Mar 21, 2022 | 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 | Mar 21, 2022 | Gold
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. The rally has developed from around 1478, and is looking strong...
by Ramki | Mar 21, 2022 | Gold
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 out at 1665 or close to that as...
by Ramki | Mar 21, 2022 | Gold
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 of this move. Of course, just like trading...
