Gold Completed Bull Cycle

COMEX:GC1!   Gold Futures
685 14 15
Gold             completed bull cycle. A fresh week of bears start again. May be very fast because C waves runs fast usually. I prefer short from 1173. SL is 5$ target is 1048 for longer term and 1132 is short term.
this time gold onc again reverse posible 1185-1205 but i think gold is bulish long term bcz by brith gold is bulish new high soon 2200 And 2017
+1 Reply
VRShaiju socrate4444
Going above 1192 confirms a Gold bull market. Then it's easy to trade through out this year. However I don't think gold offer an easy trade.
it will go lower but i doubt anything lower than 1090.
+1 Reply
It would be great trade even though.
convincing as per my elliot software showing same. But I am scared not convincing me this time If 1180 crossed.
+1 Reply
VRShaiju manish_damani
Which Software are you using?
It is ordinary. just testing it. I am not elliot expert now a days start working on it. Though successful trader.
VRShaiju manish_damani
Elliot wave method is a tough. Many people curse it because they are not succeeded in it. I hope you may find useful this method.
yes it is no doubt. But some times tricky. Specially complex one. But little subjective too. Where wave 1 starts big challenge when you expand analysis.If you get properly wave 1 I think 60 % challenge complete.
VRShaiju manish_damani
Yes. That's the key to get it right. I paid historic chart to make it right from $37/ounce. Since then I am profitable with EW. However still burned in shorter TF trading when some complex pattern forms. Over all higher TF helps better :)
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