It
looks very likely that gold will continue up to $1,145 -- the next
energy level up -- on Wednesday. There might even be enough
momentum right here to take gold up to $1,163 by Day 78 on
Friday.
But we can't get too disappointed at this point if gold still
"chops around" into Day 86 on March 18th. This is still a
consolidation cycle. If gold can simply work itself into
position for a strong breakout over the second half of March -- at
$1,163, or even up at $1,192 -- then it will be ideal conditions
for an 8+ month launch to the 64-month peak.
Fractal gold report
Posted by ditch on 3rd of Mar 2010 at 07:48 am
It looks very likely that gold will continue up to $1,145 -- the next energy level up -- on Wednesday. There might even be enough momentum right here to take gold up to $1,163 by Day 78 on Friday.
But we can't get too disappointed at this point if gold still "chops around" into Day 86 on March 18th. This is still a consolidation cycle. If gold can simply work itself into position for a strong breakout over the second half of March -- at $1,163, or even up at $1,192 -- then it will be ideal conditions for an 8+ month launch to the 64-month peak.
gold stocks
Posted by winter39 on 3rd of Mar 2010 at 08:47 am
Do these fractals relate to Elliot Wave?
What is your opinion of it taking gold stocks along with the gold action?
Thank you.
winter