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elliottwavegreen

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  1. the above is an intra-day move inside the crash (much of a correction in side the main trend), the crash in Gold and Silver is certain and is weekly time frame move.
  2. thanks for suggestion, ; ), I know majority will not accept my forecasts, but still want to keep putting for future readers. ,
  3. I am unable to post a video , so just for you, intra-day trade setup , as long as gold stays above 1290 go long. Very good trading setup, the resistance trend line from top of 1330 is going to become support , as long as 1290 is intact, as soon as it breaks go short.
  4. GBP is indeed in unknown territory , the patterns are not clear , not going to trade ,sitting this out.
  5. yah we have an ending diagonal in GBP , it needs to create a new top shorter than wave 3 of the ending diagonal or break below wave 4 to show a truncation has occurred. a confirmation is needed , a little more price action will give more clarification.
  6. Yah it is going to get ugly, great trading setup for shorting GBP USD, the main question is will it push the price of gold beyond 1302 area and keep there ?
  7. @PipersI completely understand your point of view. As regard to commodities they tend to go though cycles. Benner did pretty good research in that regard and then W D Gann also proposed long term cycles. Both of them proposed that these long cycles of demand and supply never get interrupted. I personally think that deflation is going to occur most certainly but the investor mood is indicating an interest towards US Dollar. The DXY chart I shared has almost 34 years data , and there seems a clear shift of sentiment. So I positively think that US Dollar is going to go higher (although Trump administration is opposing it) which will drive the prices of Gold low. Also when bad news do not make the prices go high it is another sign , e.g the beginning of Afghan war rose the prices up, but the Pakistan India border dispute had no impact on the price of Gold. GBP is going to fall (according to my forecast ) which is fore telling that Brexit deals are not going to good for UK, and if that fall in GBP do not push the prices of Gold up that will be another sign that negative news are not impacting on price of Gold. With Unemployment rates at lowest levels in States ,hourly wages rising to pretty good rates, and States pulling out of Afghan war (will help a lot in decreasing the spending), talks of getting a good deal from China, it looks Mr Trump is trying to cut expenses and make some money .I think these fundamental factors will push the USD even higher probably in 120 ish , which will be the main fundamental cause of Gold and Silver going down. I appreciate that you conveyed your points nicely. Stay connected. thanks
  8. It looks like gold has completed wave 1 and wave 2 of the wave "C"in the ending diagonal , and the wave 5 probably is going to hit 1301 , the trend line from top is very important , if prices break that line and do not come back quick , we have a problem in short time frame analysis.
  9. I personally would answer any technical questions regarding the forecast , e.g elliott wave count reasons, why I labelled the way I did, important Fibonacci price targets, important structural support and resistance etc. The only reasons I decided to present my point of view, -- In near future traders and enthusiasts would know, I was forecasting from my KNOWLEDGE and EXPERIENCE. -- I might be able to help a few to buy at right time. --I do not mind who is saying what in terms of technical studies or fundamental studies for gold and silver. Bundle of thanks to every one .
  10. in 5-6 months it will be clear that major bearish trend has resumed.
  11. @HawkHybrid I rest my case on the arguments I have made, and will wait another 5-6 months , when every body will ask why did gold fall ? thanks for participating in the discussion.
  12. Aright guys , here it is , please see the complete video as I have filled this with many points . Thanks,
  13. People I am going to share a very important Dollar Index DXY chart in my video analysis , please pay special attention to that. Cheers
  14. @sixgun, I am aware of the above labeling and couple of more , right now any labeling that is forecasting a bullish move is completely wrong. Even a content provider who actually charge 200 USD per month for their forecast have also missed the major trend in Gold and Silver.