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• Elliott Wave And Gold by Horatio Miller

  ARTICLE SYNOPSIS ...Elliott Wave And Gold by Horatio Miller Ask any Elliott Wave analyst about the outlook for gold, and he will without doubt say that the precious metal is on its way down to the $100-200 range. A divergent-Elliott Wave interpretation, however, suggests that over the near term, gold will rally to the area between $633.78 and $662.29. This hypothesis is supported by a wave count that classifies the 1980-90 drop in the price of gold as an unfinished zigzag correction. Within this interpretation, cycle wave A of the zigzag ended when London gold fell to $284 on February 25, 1985. Cycle wave B of ...

AUTHOR: Horatio MillerDATE: APR 1991