Calendar
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Apr | Jun » | |||||
| 1 | ||||||
| 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| 9 | 10 | 11 | 12 | 13 | 14 | 15 |
| 16 | 17 | 18 | 19 | 20 | 21 | 22 |
| 23 | 24 | 25 | 26 | 27 | 28 | 29 |
| 30 | 31 | |||||
Categories
- Dollar Collapse (17)
- General (24)
- Gold (186)
Latest Postings
- 06/06/2011: The recovery failed
- 26/05/2011: Silver again
- 13/05/2011: $450 silver and $12,000 gold
- 11/05/2011: Oh well
- 09/05/2011: Some explanations
- 06/05/2011: NFP surprises
- 05/05/2011: Hi ho silver!
- 04/05/2011: Gold hits support and can still hit new high
- 04/05/2011: Is the top in? Maybe not
- 02/05/2011: Margin requirements take down silver
Links
Archives
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- August 2008
- May 2008
- April 2008
Gold hits support and can still hit new high
Here is a technical explanation of how gold most likely hit the end of wave 4 today:
http://www.dailyfx.com/forex/technical/elliott_wave/gold/2011/05/04/eliottWaves_gold_2.html
And $1510 is an important trendline, which was exceeded just slightly. It looks like gold will close at around $1515.
Note how wave 5 could go to $1603.
Leave a Reply
You must be logged in to post a comment.