Gold, Oil & Indices (Equity & Bond Indices)

Dave yes I did...bot above 96.20 last friday and rode the wave up. Tried shorts at 99.50 which didnt work too well. If we get to 102.50 again im shorting as large cluster of resis there and 38.2 fib level to boot

Ashraf, your gold chart my legit count:-

Oct 08 low= W.4
Your 41% wave= W.3:5
Feb 10 low= W.4:5
from that low you count 5 waves up = W.5:5 = Sequence completed. Possibility that W.5:5:5 is yet to come i.e current move down is only 4:5:5.

I been running this count for some years. An alternate can be arranged if necessary :-)

did you catch any Gunners ?

Silver not worth projecting ret targets yet but reckon waves 1, 2 and 3 are completed with W.4 up started.

Gold is easier to read. We have cluster of resistence for long positions at 1503.2 being potential 100%sym coinciding with 50% ret of the W.3 down. Beyond that is 127.2% ext sym clustered with 61.8% at 1511/1512.6. The move up is looking corrective thus far !

wave 3 has 5 waves within.

I taking my fibs from the 26.38 low for time being.