• 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
Gold

Elliott Wave Analysis of Gold

RamkiBy RamkiJuly 2, 20115 Comments1 Min Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Email

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 international bank. I would like to share those two charts with you now, so that you can see how one could have used Elliott Wave Analysis to identify low-risk trading levels. As you are aware, Gold fell to 1478 last week from a high of 1562. Enjoy

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleWhat is possible with Elliott Wave Analysis!
Next Article EUR/USD Chart Analysis
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 5 Comments

5 Comments

  1. Zaher on July 2, 2011 11:24 pm

    Hi SIr
    Thank you for the Charts , but my questioin is this final leg down going to 1155 $ as you mentioned before , or we will stop at 1414 $ ( the 200 Moving Avarage)

    Thank you

    Reply
  2. yunus on July 2, 2011 11:51 pm

    First of all thank you for teaching us elliot wave principles and for good advice. As you mentioned before, when the gold finishes wave 5 a down move will start to the 1155 levels. But in this comment you say that one more attempt to upside from 1460 levels may take place. didnt wave 5 finish, or will that upside move be part of downmove .and should we expect new highs just like extended flat formation.thank you for your interest ramki.

    Reply
    • Ramki on July 3, 2011 12:34 pm

      Hi Yunus, remember I made those comments in early June, when the market was still very bullish. I am sharing those confidential notes with readers just so that they can appreciate what is possible with Elliott Wave analysis.

      Reply
  3. zen on July 3, 2011 10:02 am

    Hello, Ramki. Your gold analysis was spot on! I was wondering if your lower analysis chart could also be characterized as a “truncated 5th”? It has since rebounded slightly from under 1500 to 1510, then resumed downward. If this could be seen as an a-b-c correction, isn’t the wave 4 low (1,473.90) a valid target low?
    Also, I am using stockcharts but your reuters charts look much better. My search for reuters charts was unsuccessful and I wonder if you could provide a link to the exact daily gold chart that you are using in these examples. It would be very much appreciated.
    PS. Sorry, I was looking at stockcharts under $Gold, which shows 1473 as the previous low, so the 1460 low makes perfect sense.

    Reply
    • Ramki on July 3, 2011 12:29 pm

      Hi Zen, sure one could call the wedge or diagonal triangle a truncated fifth. However, my approach to trading is to use Elliott wave analysis as my guide. It is not a forecasting black box. Hence, I could change my mind at anytime. The idea is to call the direction right. Getting the count right is less important.

      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

© 2023 Wave Times. All Rights Reserved.
  • About
  • Books
  • Privacy Policy
  • Policies and Standards

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