4 thoughts on “GOLD Elliott Wave Technical Analysis – Video – 26th September, 2017

  1. Hi Lara,

    First off thank you for the extra video. Very timely.

    In the video, you said that it is still possible for Cycle wave b to be a huge, big, sideways triangle. In that scenario, after the triangle is completed at E, price would come down and the target of around 1452 set for the double zigzag scenario is no longer valid, correct? Is there any target for the price in that case, please? Also, after cycle wave b, cycle wave c should take the price further down to ~600 or so ?

    Thank you kindly.
    David

    1. David,

      Maybe this will help. If the triangle scenario is correct, the high is already in for Gold and once the D and E waves complete, the move down should be strong.

      Lara may have a similar target as this chart from EWI shows, but she doesn’t like to calculate targets until the pattern is ready, meaning when/if the triangle is complete.

      PS – I still think gold goes higher in the main Double ZZ count.

      1. Thank you very much Dreamer. I appreciate your response and help. It is good to know that the trend going forward is down, so now I can wait to see if the price goes up somewhat (hopefully) and sell my ‘lead weighted’ JNUG holdings !!

        Also much appreciate the chart from EWI. It is hard to imagine gold at around $750 in the early 2020’s, will not even keep up with inflation?

        Thank you kindly.
        David

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