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Following The Path: Gold and Silver πŸš€
Date: 19/01 As discussed in our previous 2 posts Gold and Silver both have maintained their bullish bias. On the 14th we discussed that our buy zone for silver was between 85 - 87 levels (with a SL of 74.549) and today silver made a high of 94+. Thats a 9% jump from our buy zone! Similarly on the 16th our update on gold discussed that gold too was ready to continue its upward trajectory and all longs can be built with a stop loss of 4500. Gold made a low of 4536 and has now made a high of 4690 (our target was 4700 which it will still get to). Thats a 3.5% jump towards our level and already a a 4:1 return if you managed to buy the dip as discussed. All these levels could've just been entered into your trading terminal on the day we discussed and all would be running with substantial profits by this time. This is what makes Elliot wave positional trading my favourite way to trade. No need to spend hours on the screen stressing and waiting. Just put the numbers in, sit back and relax.
Following The Path: Gold and Silver πŸš€
Silver - Shining As Bright As Gold
Date: 14/01 I don't usually put out the silver chart analysis but its movement is too good to ignore. These days every time I look at the silver price it seems to be 10% higher than when I last checked in. The structure is a complete buy the dip with a current buy zone emerging around 85 - 87 levels. For now 74.549 can be used as a tight stop loss for any long positions created in this buy zone. We are currently in the 3rd wave of this impulse that has itself gone into extensions. Best not to try catch the top and use any dips to buy and/or build a long position. Posting the 4H chart below.
Silver - Shining As Bright As Gold
Quick Update on Gold
Date: 16/01 Just sharing a quick path update on gold. The impulses have gone into extensions and we are currently in the 4th wave of the 3rd impulse. I'm expecting the bullish momentum to continue once this sideways accumulation period ends. The 3rd impulse should take gold to 4700+ levels. The next serious correction will appear once the 3rd impulse ends. We'll keep an eye out around those higher levels and look for bearish confirmations before determining that the next corrective is on. Until then hold on to all long positions and buy any dips with a strict stop loss of 4500. Anyone have a different count or another outlook? Feel free to drop a line below!
Quick Update on Gold
Gold Finally Breaks Out!
Date: 12/01 We've finally gotten a confirmation on Gold. In our last post we'd shared 2 scenarios with key levels on both sides which we were waiting to be breached. Seems like our bullish scenario is playing out now with 4274 forming the 4th wave low and the 5th wave moving up in an impulse from there. This last dip down did not break into wave 1 territory and held gold's bearish breakdown level. Sharing a daily and 4H chart below.
Gold Finally Breaks Out!
NDQ - Already at 1:1 profit
Date: 07/01/2026 Our Nasdaq trade has already given more than a 1:1 return and we are holding strong with an eventual target of 27500 which is still intact. Usually at these junctions I would recommend a little bit of profit booking and moving our stops to break even. There's nothing worse than a winning trade going into negative. Once we convincingly break past the neckline - a fresh trade can be initiated. If our counts are correct - the inverted H&S Target will be achieved during the 5th wave of this impulse and if our previous bottom holds we've already begun the journey upwards.
NDQ - Already at 1:1 profit
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