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

(Last Updated On: February 5, 2012)
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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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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs