Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

Nov 18 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim McMannis who wrote (32927)	5/3/1999 11:16:00 AM
From: Ken Benes	Read Replies (1) of 116762

Jim: I ran the XAU thru my old Elliot Wave Analyszer and it came up with the following outlook. Using 200 days of data it is showing a converging triangle zig zag pattern, degree 5-intermediate, with wave c having been completed. The final wave D should reach a minimum of 71.98. which it has. To break out of this pattern, the xau would have to break through 87.53 which is the maximum projection for wave D. Analyzing the data with a shorter range perspective, we are currently in an inverted zig zag, degree 4-minor, with wave B having been completed, and wave C expected to reach a price of at least 71.39 with a maximum target of 85.64. It appears that for something more substantial, an impulse wave pattern, to be in the cards, the XAU is going to have to breakout above the 85-87 range after a correction from that range is complete. Ken

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next