Gold tricked us again allthough we are still bearish in the long run. Regardless of the new all time high! Gold is not ready for a short trade yet, but can be any moment. Long term targets as 700 are still very likely.
Read the complete Gold analysis of September 20, 2010
Gold is at a very important juncture where the market can be shorted with a huge risk to reward ratio. The target are 1050, 870 and eventually 690. Scenario is invalidated when gold breaks above 1266.
Read the complete Gold analysis of June 29, 2010
A short update to show the bigger picture of the current move up. This move is expected to be a a bull trap. The fibonacci extension level of 161. % on a intermediate degree is 1250. An well experienced elliott wave practitioner was at the end of 2008 able to forecast this level as a high probability turning point.
Read the complete Gold analysis of June 16, 2010