Elliott Wave Commentary on Gold 29 Nov 2011
15 May 2025
A few days ago, in my Elliott Wave commentary on Gold, I wrote that we will get a move down to 1662, but that I would be happy to cover shorts just ahead of that level. The reason was there existed a possibility of a sharp rally. But the price action we are seeing is not convincing. So I am now thinking that we could fail to go above 1735, and possibly experience one more dip. So plan your trades accordingly. |
Elliott Wave analysis of Gold involves not only anticipating the move, but monitoring the market for additional clues as the move unfolds. It is never a black box! |