Gold Price Trend Forecast For February and March 2010
Commodities / Gold and Silver 2010 Feb 14, 2010 - 06:06 AM GMTVisual Guidance | Trade Triggers | Price Targets >> Gold
One of the highest standards in assessing trading models is to determine whether such models provide profitable entry set-ups and exit criteria with dependable levels of consistency.
Though we presented the chart below to members on January 12, the highlighted trade-triggers began electing well before June 2009.
As in our publications, we intentionally limit lengthy written arguments, and present opportunities in the most effective format to act upon, a visual one. With that said, we shall leave most of the storytelling to the charts.
Every Chart Tells the Story
From the 930 lows in July of 2009, Gold surged 296-pts or nearly 32% to its current print high registered last December. Over the past nine months, subscribers received advanced notice of five winning trade triggers, which captured 480-pts returning a cumulative 48.9% in trading the Gold price.
Illustrated, are results of past trade-triggers, which we define and monitor to buy-breakouts, and sell-breaches. We deliver trading charts of this caliber to our membership, which provides them with tactical opportunities from which to speculate.
Whether accessed through our (NTO) Near Term Outlook, (PTP) Position Traders Perspective, or Platinum service, members following our Crude Oil charts from October of '09 have had four killer opportunities to reap extraordinary profits from the visual forecasting guidance presented in our publications.
Since our most recent bullish buy-signal noted on February 5, Crude has rallied $5.02 or 7.22% to its closing price of $74.52 on February 10.
By Joseph Russo
Chief Publisher and Technical Analyst
Elliott Wave Technology
Email Author
Copyright © 2009 Elliott Wave Technology. All Rights Reserved.
Joseph Russo, presently the Publisher and Chief Market analyst for Elliott Wave Technology, has been studying Elliott Wave Theory, and the Technical Analysis of Financial Markets since 1991 and currently maintains active member status in the "Market Technicians Association." Joe continues to expand his body of knowledge through the MTA's accredited CMT program.
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