• About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
Top News

Has Meta (Facebook) stock seen the bottom

March 21, 2022

What Is The Nearest Technical Support For Meta (NASDAQ: FB)

February 7, 2022

Using Elliott Waves to Capture a Trade in S&P500

January 27, 2022
Facebook Twitter Instagram
Facebook Twitter Instagram
WaveTimes Blog WaveTimes Blog
Wave times
  • About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
WaveTimes Blog WaveTimes Blog
Home » Elliott Wave Analysis of Gold : 2 February 2010
Gold

Elliott Wave Analysis of Gold : 2 February 2010

RamkiBy RamkiFebruary 2, 20107 Comments1 Min Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Email


A correction can sometimes be 100% of the prior move, and this is what we seem to have got in Gold. Take a look at this chart where the Elliott Wave count labels are clearly marked. Gold has retraced 100% of its prior rally and has embarked on a strong rally that we have been patiently waiting for (see update of 15 jan 2010). This move could potentially develop into a third wave of the final fifth wave in the larger degree, (or alternately, if one assumes the top has already been posted at 1226, this will be a “C” wave). In either case, we should expect the rally to continue to at least 1194. Of course, if I am completely wrong in my counts, we will have a disastrous sell off, but currently, I see no reason to worry about this, except to acknowledge that one could be wrong!

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleElliott Wave update on Dow Jones: Internal Wave Count
Next Article Medium Term Outlook for GBP/USD
Ramki
  • Website

Related Posts

Elliott Wave analysis benefits a short term trader in XAU/USD

June 9, 2017

Elliott Wave Analysis of Gold

April 16, 2013

Elliott Wave Analysis of Gold – September 2012

September 9, 2012
View 7 Comments

7 Comments

  1. Anand on May 7, 2010 9:15 am

    Hi Ramki,

    I remember you Gold call in Feb and after yestardays rise came back to take a look at it… fantastic call… So can we assume that now we reached the target, we can see a good correction..

    –Anand

    Reply
  2. Ramki on May 7, 2010 1:13 pm

    Thanks. Let us take a fresh look next week about where this move in Gold is likely to end.

    Reply
  3. Gary Wagner on May 10, 2010 2:56 am

    http://www.youtube.com/watch?v=i_XosYwN-5Q

    My take on elliot wave and gold from my video newsletter

    Reply
    • Ramki on May 11, 2010 1:50 am

      Thank you, Gary, for visiting Wavetimes and for your post. Readers, Gary Wagner is a well-respected technical analyst, and is the co-author of “Trading Applications Of Japanese Candlestick Charting” a John Wiley publication, and featured in “Trading Systems: Secrets of the Masters “ A McGraw Hill Publication”

      Reply
  4. Waespi on June 1, 2010 5:21 am

    i think gold should start with the down-leg c . what do you think about the 5th wave in the b. how long could it take before the down leg is starting?

    Reply
  5. sonia on June 25, 2010 11:57 pm

    hi ramki

    whats ur view on gold. it has touched a recent high of 1265 and is hovering near it.which wave do you think is this. I see that it has gone from 900 to 1265 after a fall to 1100

    Reply
    • Ramki on June 28, 2010 5:39 am

      Hello Sonia,
      Think Gold will remain bid in the near term but if it reaches 1375 levels, I will get really anxious about when a big correction down will start

      Reply

Leave A Reply Cancel Reply

Recent Posts
  • Has Meta (Facebook) stock seen the bottom
  • What Is The Nearest Technical Support For Meta (NASDAQ: FB)
  • Using Elliott Waves to Capture a Trade in S&P500
  • Hedge Funds and Elliott Waves – Netflix $NFLX
  • When Elliott Waves applauds the promoter’s signals!

WaveTimes is a Research Organization dedicated to providing original analysis, reports, reviews, and insights on developments in mutual funds, stocks, investing, foreign exchange, commodities, and bonds.

Contact WaveTimes

L-601 Mantri Espana,

Kariyammana Agrahara, Bellandur, Bangalore 560103

Follow Us

  • Facebook
  • YouTube
  • Twitter

© 2022 Wave Times. All Rights Reserved.
  • About
  • Books
  • Privacy Policy
  • Policies and Standards

Type above and press Enter to search. Press Esc to cancel.