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Elliot Wave Technology: Elliot Wave, Technical Analysis, and the Execution

(Last Updated On: February 5, 2012)

Elliot Wave Technology: Elliot Wave, Technical Analysis, and the Execution

elliottwavetechnology.com

We have been tracking the price of Gold for decades. In October of 2010, we documented our body of work in a video entitled “ IMPULSE-24kt Gold.” In it, we eluded to an outstanding upside price target we had in place for a…

http://www.elliottwavetechnology.com/2012/02/elliott-wave-technical-analysis-and.html

nice site…Gold lower next three – six months, then new all time highs will follow…does that match with what you expect?

 

thanks for the comp… To answer; yes / more or less… though I do not see much more than a retest or marginal breach of long-term trendline support (if that) – and at worst, a marginal breach of the 1522.60 low is plausible…

 

the general idea is the same, i think more around 1400, but definitely new highs in the next year or two…time will tell…but with slowing economic growth, inflation fears will diminish pushing price of gold lower regardless how much money the central banks print

 

have 1,392 as an ideal retracement also. That will be in Wave -iv- and will be looking for a rally in Wave -v- to the 2,270 area in Wave (c) of Wave (iii).. so there’ll still be another pullback in Wave (iv) and another push higher in Wave (v)…

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

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