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. 

Darryl
2014-09-14
Love the good work, most accurate I’ve found in my research. Darryl
Felipe
2014-05-26
Hi,

I recently tried a 30 day membership and I am very happy with the service. Pls keep up the great work!!! I will continue renewing!!

Felipe
Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane