Elliott Wave Commentary on Gold 29 Nov 2011
29 November 2011
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A few days ago, in my Elliott Wave commentary on Gold, I wrote that we will get a move down to 1662, but that I would be happy to cover shorts just ahead of that level. The reason was there existed a possibility of a sharp rally. But the price action we are seeing is not convincing. So I am now thinking that we could fail to go above 1735, and possibly experience one more dip. So plan your trades accordingly. | |
Elliott Wave analysis of Gold involves not only anticipating the move, but monitoring the market for additional clues as the move unfolds. It is never a black box! | |
I teach exactly this kind of gold setup, step by step, in Module 15 (XAU/USD Gold).