Gold WAVE 3 technical and Fundamental Analysis

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axstone
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Gold WAVE 3 technical and Fundamental Analysis

All speculation  of course: how Wave 3 will play out via technically

Edited by admin on 11/08/2014 - 06:31
axstone
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One Price objective 2090.. how do we get there and when..

axstone
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Possible range bound after 1760 area

Could develop a penant style range trade..

Olivanders
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I just posted this on the main blog:

I think we would all agree that gold has performed extremely well of late. Will it take a breather, or will it accelerate up to $2,000/$2,500+ by the end of the year?

I think it may take a breather, at least for a few weeks as the cartel try to hold the price back below the new resistance at $1780.

Perhaps the new trading range for gold is $1720-$1780? I think this could be the case for the short term (the graphs look almost too obvious). If that is the case, maybe silver will play catch up for a day or two and spring up to $44.

Of course, I would be happy to be wrong on the gold part!

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