Deus
Long

Gold Daily Chart

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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17
Gold has started wave E, which should lead to a strong push upwards. Here is the trick. Lately Gold was moving more or less in sync with stocks. Many Elliott wave practitioners expect Gold to fall in cyclical or primary wave C (do not remember the order). I see that there is a space for Gold to rise sharply. And Silver , according to my count, should rise dramatically, outperforming Gold . That means sometime in the next few days, something should happen, which will break the fundamental connection formed by excessive liquidity.

Stocks falling and Gold rising disregarding money supply? Perhaps we are talking about conflict or some kind of disastrous event that is in the making. Otherwise, I am wrong either with Stocks or Gold .

Comments

wont stop until 1859
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should i cutloss now? I sell at 1773 position.. sigh
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Deus angellazho
@angellazho, no advice, sorry. I will open more longs at 1775
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your chart is point lower, but your wording is saying bullish?
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