Saturday, September 8, 2012

Gold, Silver - Elliott Wave Update

Gold Daily Chart
The post triangle thrust is shaping up pretty well. Both the precious metals are expected to stay bid for quite some time now. There is not point to put a target to this up move. It is better keep following the trend, till we are rising in 5 waves and falling in 3. In case of Gold we are already above the minimum thrust measurement  so we should be expecting a protracted wave [5]. For silver we are yet to cross the top of wave [3], that is the minimum target for wave [5]. But again its better to follow that predict. 
EWP helps us achieve the golden mean, we can "anticipate", which lies beautifully between following and predicting.
Silver Daily Chart

2 comments:

  1. very nice blog .i like your post you share good information by graphically in this posting.

    ReplyDelete

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