Category: Gold

Gold forecast as of 08/25/2009

Gold –With the market trading in the range, Elliott shows now that market is in the process of  “Flat” (FL) 2nd wave in the range of 973.86 – 1022.12 between September 9th and December 23rd.

Market move below  930 and consecutive follow through signals that last week’s FL 3rd wave down is more likely.

GOLD5_090825_Blog

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Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Gold forecast as of 08/18/2009

Gold –Elliott shows that market is in the process of  “Flat” (FL) 3rd wave in the range of 747.22 – 857.90 between September 29th and January 8th .

Market move above 975 might signal that this combination is not valid and the market is in the process of a wave up instead.

GOLD5_090818_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Gold forecast as of 08/11/2009

Gold –Elliott shows that market is in the process of  “Flat” (FL) 2nd wave in the range of 973.86 – 1022.12 between September 9th and December 23rd.

Market move below 930 might signal that this combination is not valid and the market is in the process of a wave down instead.

GOLD5_090811_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Gold forecast as of 08/04/2009

Gold –Elliott shows that market is in the process of  “Flat” (FL) 2nd wave in the range of 973.86 – 1022.12 between September 9th and December 23rd .

GOLD5_090804_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Gold forecast as of 07/28/2009

Gold – With the last couple of week’s move, Elliott shows that market might be  done with last week’s “Flat” (FL) and new wave up has started. It is too early to tell where this move might take the market.

At the same time it is also still possible that the Flat is not done, as it did not reach the likely price and time area. If this scenario is to work out, then the market will continue today’s deep drop and last week’s forecast is the valid one.

GOLD5_090728_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Gold forecast as of 07/21/2009

Gold – No change,  Elliott shows that market is in the process of “Flat” (FL) 3rd wave in the range of 759.94 – 880.43 between June 30th and August 13th .

Market move above 1000 will most likely change the picture.

GOLD5_090721_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Gold forecast as of 07/14/2009

Gold – Looking at the last wave down, Elliott shows that market is in the process of “Flat” (FL) 3rd wave in the range of 759.94 – 880.43 between June 30th and August 13th .

Market move above 1000 will most likely change the picture.

GOLD5_090714_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Gold forecast as of 07/07/2009

Gold – This week we are taking a closer look at more recent market movement. In this timeframe, Elliott shows that market is in the process of “Flat” (FL) 2nd wave in the range of 619.67 – 778.35 between April 13th and July 1st.

Market move above 1000 will most likely change the picture.

GOLD5_090707_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Gold forecast as of 06/30/2009

Gold – Nothing much has changed since last week. Looking at the pattern that started from February high, Elliott shows that market is in the process of “Flat” (FL) 2nd wave in the range of 923.45 – 1091.98 between February 11th and August 7th .

Elliott also shows that the 3rd wave is ZZ that is touching it’s likely price and time area, although there is quite a bit of more room to go.

Market move below 860 confirms that FL 3rd wave down has started.

GOLD5_090630_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Gold forecast as of 06/23/2009

Gold – Nothing much has changed since last week. Looking at the pattern that started from February high, Elliott shows that market is in the process of “Flat” (FL) 2nd wave in the range of 923.45 – 1091.98 between February 11th and August 6th .

Elliott also shows that the 3rd wave is ZZ that is touching it’s likely price and time area, although there is quite a bit of more room to go.

Market move below 860 confirms that FL 3rd wave down has started.

GOLD5_090623_Blog

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

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