These are several scenarios in my opinion.
Why I said that gold bearish has almost diminished?
Just notice how strong the 23,6 Fibo in the first chart above.
Then look at the second chart below and pay attention of how strong its 50 Fibo.
In my opinion, this is the most likely to happen for gold in medium term (see the chart below)
Good luck....
GG - 2012.11.19
boleh saya minta YMnya? ini saya anilamil :D
BalasHapusHalo Anilamil. Sori saya gak punya YM. Kontak sy via private message di FF aja rasanya ok juga ya. Gimana tradingnya? Sdh banyak profit ya? Salam sukses gan.
HapusI totally agree. I use elliot wave and similar to your calculation. thats what got me interested on reading your blog.the one thing that puzzle me is when the fiscal cliff announcement come out and what will happen to gold.if you have any info can you please share.
BalasHapusHi Rudy Romney,
HapusSorry, till this moment I really can't say what fiscal cliff effect on gold. But one thing for sure, I'm bullish for gold on long term. No matter there is fiscal cliff or not, I think we can see gold more than 2.000 soon in Obama time.
Corrections will happen but gold is rising up. That's what I believe this moment. I'll write the reasons someday...
Good luck.
Dear Gold God i have new in this market, i may want some help from you about chart. your calculation is to much correct but i did not how to place this chart. please you may help me about that matter.
BalasHapusmy email is as under. alikhanmehsud@gmail.com
thanks in advance
best regard's
Ali Khan Mehsud
Pakistan,Karachi.
Hi Ali Khan,
HapusI don't really get your question. If you mean the chart in this post, I use MT4 gold chart with 4 hour time frame. In other posts I maybe use another time frame but you can see it on the upperleft corner of the chart.
Good luck...