Great chart my friend!
GOLD is currently on 1208. Going long already?
how did you count the wave? any good materials for me to learn how you count the wave? any book/video recommendation?
pato
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@ibnu, Thanks. I don't have any one particular source that I learned from, it mostly experience and tonnes of application but check out elliottwave.net/educational/basictenets.htm. I am also working on some educational content and support services, so if you are interested keep a look out for when I finish structuring it all to learn directly from me.
pato
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@pato, Yes I am long already. I have stops at $1200.00 and Take profit at $1240 (which I will adjust once I see some bullish activity)
bruins0070
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I Agree Gold Market Looks Bearish But everyone I know is either short or are waiting for a big drop to buy Which makes me want to take a contrarian side This mkt. should be a lot lower esp. with int. rate hikes cmng.So Obvious Somebody is buying Too Much is happening arnd The world to be too heavily short esp.in The Silver Maarket
pato
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@bruins0070, Yes, I'm Longterm BULLISH on gold. This is just one big consolidation from what was a bullish impulse. I think we get some volatility right down until the $1193 area. Thats where I'm thinking of longterm buys.
GOLD is currently on 1208. Going long already?
how did you count the wave? any good materials for me to learn how you count the wave? any book/video recommendation?