Friday, September 27, 2013

Gold - 60 minute chart break-out - initial target 1410

I am showing a trend on the US dollar for a low just before mid Oct. so this should drive gold up  as the debt ceiling issue heats up again. - update - I am getting December for a low in the dollar using a dollar etf, I will do more work on the charts to confirm. Tradermama over at at the gold and mining forum sees that the dollar started a negative trend in Sept.  using her pnf methods.

  Previous projection for gold low around Oct. 10th has now been invalidated after the  large up move. The oscillator signals lose their confirmation especially if the signal is not a long term signal.

Wednesday, September 25, 2013

Gary Wagner's Bearish Elliot Wave Count...

I am not saying I agree with this bearish view but it is worth consideration...