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 warning you to be very careful during that recovery....

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 a fifth wave, it could just keep going if it were...

URGENT GOLD UPDATE

Many people are calling to ask whether we should sell gold now because it has reached the target. The answer is a firm NO. Remember wave counts can change. The momentum is too strong here. So back off and wait. We got the rally as anticipated. But dont get bearish...

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 price of Gold expressed in Euros suggests that we...

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. The rally has developed from around 1478, and is looking strong...

Elliott Wave Analysis of Gold

On 9th May you saw the post “Last Hurrah for Gold..” where we looked for one final push higher from the current level of 1499. Then, on 2nd June and again 21st June, I had prepared the following two charts for the Global Head of Commodities Trading in a leading...