About this blog:

CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026

Monday, August 26, 2013

Gold - Time to short with Elliott Hedged Wave Count

The 1410 area on gold seems like a good opportunity to take profit on the long position and get short. The bullish count calls for a wave 2 pullback while the bearish count calls for a new low. Here's the setup chart:

The stop-loss on this trade is 1430 with an open take profit level.


Post a Comment