My last analysis for Gold assumed an expanded flat was going to play out in order to create a wider base channel. Gold had a different plan. I’ve said it before and I’ll say it again, you can only take what the market is willing to give. The market doesn’t care about your plan, and the way this structure was played is a perfect example of turning a profit while also being … [Read more...] about You Can Still Turn a Profit and Be Wrong
Gold
Micro Count Muster – Late November 2023
Elliott Left a Pot of Gold at the End of the Rainbow
After the October 6th bottom, as discussed in the discord, I've been waiting for the impulsive structure to break and give us a 3 wave retracement for wave 2. It appears that correction is now complete in the form of an expanded flat. A very common pattern following a strong impulse. Since an impulse ended on October 20th with a third wave extension, the flat pattern traced out … [Read more...] about Elliott Left a Pot of Gold at the End of the Rainbow
Gold: The Long Term Entry of the Year
Those that follow me know I’ve been touting Gold for a hot minute, the count has slightly changed a few times but all roads lead to the same outcome. A three wave corrective wave 2 retracement before a rocket explodes off the pad. That’s exactly what we are seeing here with gold. It was a long patient wait, but the moment finally arrived. Gold is bullish. Gold has begun a third … [Read more...] about Gold: The Long Term Entry of the Year
