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发表于 2012-6-3 09:05 PM
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lilitulip 发表于 2012-6-3 20:36
why do you expect gold drop big? it broke out the bottom last Friday. thank you
lilitulip - It's hard to explain with few words why I have a bearish view on gold in the near term. You know that I trade solely based on my wave counts. Let's take a look my wave count back on 05/26/2012. I expected gold to form a wave-D (after ABC) and then wave-E to end the bear market (purple line). I wanted to see the wave-D in a diagonal triangle - a normal situation. Let's take a look the wave count from yesterday (06/02/2012), the scenario for wave-D was still valid (but in a different wave format). From the current price, most likely it has two possible ways to go (in normal condition): 1. collapse (purple line) to start wave-E, or 2. consolidate (grey line) and then to start the bull run. |
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