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81 contributions to Investor Edge Club
Gold - Support Line Broken
Date: 22/04/26 Gold over the last month has been slotted in a range and we have been waiting for a breakdown of the rising trend line to help show us that gold is now willing to come to the lower end of the bigger channel and complete its correction. We've now finally broken that trend line (without triggering our SL) and gold should be looking to make its way to anywhere between 3800 - 4000. This of course is a very strong support zone, an area where we will be looking to go long once price action confirms some kind of a reversal. A further breakdown from this area would indicate that this corrective could go deeper. Those of you holding any kind of short position our SL remains the same and has been left intact. Those looking to not trade this downward corrective must wait for gold to reach our support zone of 3800 - 4000 before slowly building longs. Once any kind of confirmation is seem at these levels I will share another update on that scenario. Charts below
Gold - Support Line Broken
Gold - Last Leg Of The Corrective
Date - 05/04 The current structure of Gold suggests that we are now approaching the final leg of the corrective. If you scroll back through our posts and updates you can clearly see that this is the structure we were building towards and patiently waiting to play out. According to the chart, Gold has finished its 4th Wave as a part of the C wave coming down. The final Wave 5 already seems to be in progress which will take us back down to around 4000 levels. Following simple Elliot rules - our stop loss for any short position being held is now 5013 which is the bottom of Wave 1. Above this price all bearish scenarios are over/paused. We will of course be looking to play out these shorts AND build a good long position once we have a reversal indication in and around the channel bottom. Chart attached below
Gold - Last Leg Of The Corrective
2 likes β€’ 30d
Update: Our SL for shorts is still very much intact. The short side holds true until that is breached. The structure of Wave 4 seems to be getting a bit more complicated than expected. We've got a good support trend line that we can use for a re-entry or adding more shorts. Once the trend line shown in the chart breaks - Wave 5 is heading down towards targets of around 4000 or below.
0 likes β€’ 28d
@Jason King The break of trend-line will accelerate the fall
Update: VOO Charts
Date: 11/04 Just dropping an update on the VOO charts that we shared earlier. Even though it has taken a few months we can see that VOO prices have come down and bounced exactly from our first buy zone (bounced from 578). The chart seems to be following our discussed path. I'm attaching a chart image below with the same markings from the previous post where you can see how clearly the price has played out according to our discussion. Charts below
Update: VOO Charts
2 likes β€’ 28d
@Jason King Yeah often happens with ETFs Price movement can take a while
Stock Update III: Netflix
Date: 11/04/26 Netflix has made a current high of 103. The price is currently about 30% up from our buy zone. I imagine that everyone's position is sitting in a healthy profit at the moment. So whats the plan now? We are still looking very much intact to hit our target of 130+. However, what we need to keep in mind is that price will not reach the target in a straight line. There will be ups and downs. For investors happy to hold on - our stop losses have been moved up to 75 and the target of 130+ will hit as long as the price doesn't go below 75. For those looking to trail your profit please move your trailing stop loss to where you feel comfortable to book out and for those individuals who want to make this trade a 'no loss' option please shift your stop loss up to 90.82 which will secure your trade with a minimum profit of around 13% from our buy zone of 80. Charts below
Stock Update III: Netflix
Gold - Following The Path
Date: 19/03/2026 In our last update we had clearly indicated that the Gold price movement was looking bearish. So far Gold seems to be following our highlighted path (You can check out our previous post) . Remember we are looking for a 5 wave structure on the downside to complete Wave C before we can look at building any long positions. Even though gold followed our scenario / path I did not encourage people to go short. I always prefer going with the larger trend. Now that we seem to have a fixed idea as to what Gold is doing we will be able to confidently build our longs when the time is right. The rally on the upside (once a base has formed) is going to be a big one this time Chart below
Gold - Following The Path
1 like β€’ Mar 25
4th Wave on! So far its following the path exactly
0 likes β€’ Mar 26
@Jason King thank you!
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Abhishek Kapadia
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218points to level up
@abhishek-kapadia-5169
Elliott Wave analyst helping investors & traders read market structure, manage risk, and make better decisions across stocks, ETFs, FX & crypto.

Active 13h ago
Joined Aug 20, 2025
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