I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Friday, June 18, 2010

Update on Short Term Gold Count

Here is my short term Gold count (using GLD as an intraday proxy for Gold). To understand where this count comes from and all of my longer term charts and counts for Gold, see this post: binve's Gold Foil Hat Zone: More Thoughts on Gold's Massive Bull Market

My target for the next major wave is ~1400 based on the current cup and handle formation. This also fits with the price touching the upper channel line.

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