Gold - Could trade sideways for a long term

Gold - Could trade sideways for a long term

Gold - Could trade sideways for a long term 

Please consider this option for gold. As you know it's not my preferred count for gold, but then it's no textbook advance from 1,046 and it's no textbook decline from 1,375, which could be explained but this option.

A triangle consolidation in wave (B) would make sense. The rally from 1,046 has already tested the 38.2% corrective target of the decline from 1,920 to 1,046 at 1,375. So instead of gaining more ground price-wise a triangle consolidation would use up time instead.

The triangle consolidation would also allow the USD to move up without hurting the precious metals in any major way, at least for now. A clear break below 1,165 would make this count the preferred count. 

Please step inside and see what else this service has to offer. See you on the other side. 

Gold - The ending diagonal terminated at 1,052.60

Gold - A small five wave rally has been seen of the 1,052.60 low indicating a firm bottom being in place

Gold - A break above minor resistance at 1,073 targets 1,098 and above

Gold - Termination of the ending diagonal calls for a return to 1,395

Gold - The decline from 1,920.74 has been in five waves indicating that after a correction towards 1,395 more downside should be expected

Gold - The ending diagonal ended at 1,052.60 

We have seen a small five wave rally of the 1,052.60 low and even though, we didn't see a decline to the ideal 1,033 target all requirements for the decline from 1,920.74 has been fulfilled and a larger rally back to the origin of the ending diagonal near 1,395 is now expected. 

As a five wave decline has been seen from 1,920.74 more downside action should be seen once the correction in wave B is over. When an ending diagonal terminates, a rally back to the origin of the formation should be expected in about half the time it took to develop. As it can be seen on the weekly chart this ending diagonal has taken 1 3/4 years to develop, so the recovery back close to 1,395 to take close to a year. 

PS! When you see a circled 1+ in the rigthhand corner, that means more charts are available. Click on the chart and use the taske-bar, seen in the middle on the bottom of the chart to see the other charts. Just because it says 1+ doesn't mean that only one extra chart is available, in this case 4 charts is available. 

phenomenal new service EWS, I have followed you for 18 months and the exceptional analysis continues unabated! I look forward to the daily updates focusing on the most interesting and potentially lucr...
Hi Surfer,

Super calls !! And analysis.

Bravo for your brexit call !!
Whats next?

Ull need to update all indices!

I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you