Gold has recovered 7.5% from the December lows.
It's a nice bounce in a bearish trend, but the move is now at resistance.
What this could mean in the short and medium term.
http://seekingalpha....6ea43b3622&dr=1
Warning for Gold Longs (article from Andrew McElroy seeking Alpha)
Started by
Russ
, Jan 13 2017 02:47 PM
includes ewave count chart
1 reply to this topic
#1
Russ
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- Traders-Talk User
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Posted 13 January 2017 - 02:47 PM
Summary
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
Russ
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- Traders-Talk User
- 7,193 posts
Member
Posted 13 January 2017 - 03:50 PM
My own work is showing GDX should go up into mid Feb. btw. No Elliot Wave used, it is the Russ Wave... 
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
