303 replies to this topic

[Snippit]

Morning, Although Gold has climbed up remarkably, maybe devils advocate makes me think it will drop even temporarily to around 1730 even 1700  mark...any thoughts? Everyone very bullish on it, and looks good, but lets see..

 

The sentiment can be a good indicator but I prefer something to count on.  Or yes, thoughts are important but the best one is the thought that counts.

 

As you know, I expect another major turn point hereabouts.

 

Charts of Gold

Update 2nd July:

Most likely a lot of shorts went on gold yesterday, but the gold chart indicates that this instrument is playing its own unique tune of fake freedom as it steps up the pressure into the Primary wave [3] finale. 

This Gold futures take presents with a more visible double zigzag for 4.

 

https://wavecount.bl...of-gold-in.html

 

 

 

stulti irruitis

 

 

[Midas1]

Chart of XAU/USD, Spot Price of Gold in US Dollars

Update 29th June:

The 4th wave horizontal band is under a second wave of bullish assault. The possibilities are as confused as is normally expected for 4th wave behavior. 

https://wavecount.bl...of-gold-in.html

 

 

vincere ac vinci

 

These young musicians know what they don't want, this can help them to decide what it is that they do want. It would assist if they could decide how to become decisive..

 

 

 

Chart of XAU/USD, Spot Price of Gold in US Dollars

Update 29th June:

The 4th wave horizontal band is under a second wave of bullish assault. The possibilities are as confused as is normally expected for 4th wave behavior. 

https://wavecount.bl...of-gold-in.html

 

 

vincere ac vinci

 

These young musicians know what they don't want, this can help them to decide what it is that they do want. It would assist if they could decide how to become decisive..

 

 

Morning, Although Gold has climbed up remarkably, maybe devils advocate makes me think it will drop even temporarily to around 1730 even 1700  mark...any thoughts? Everyone very bullish on it, and looks good, but lets see..

[Snippit]

Chart of XAU/USD, Spot Price of Gold in US Dollars

Update 29th June:

The 4th wave horizontal band is under a second wave of bullish assault. The possibilities are as confused as is normally expected for 4th wave behavior. 

https://wavecount.bl...of-gold-in.html

 

 

vincere ac vinci

 

These young musicians know what they don't want, this can help them to decide what it is that they do want. It would assist if they could decide how to become decisive..

 

 

 

 

[Snippit]

JSE, GLD (ETF)

 

 

https://jsecharts.bl...se-gld-etf.html

 

 

Nunc videre potest caecorum

 

 

 

 

[Snippit]

JSE, Durban Deep, DRD

The arrival of Primary [4] is announced by the chart with the overbought RSI. The sudden refusal of CFD shorts is another indicator.

 

https://jsecharts.bl...n-deep-drd.html

 

 

 

eis dependeat in excelsis

Edited by Snippit, 25 June 2020 - 10:43 AM.

[Milo]

GLD has been more responsive.

Yes very bullish won't fight it if it goes past 1765

[Snippit]

Gold made a triple top on daily chart. Taking a gamble and shorting DRD Gold. See what happens.

 

GLD has been more responsive.

[Milo]

Gold made a triple top on daily chart. Taking a gamble and shorting DRD Gold. See what happens.

 

[Snippit]

Chart of XAU/USD, Spot Price of Gold in US Dollars

When the mist clears you can see Excalibur emerge from under the water.

https://wavecount.bl...of-gold-in.html

 

 

non fumigans

 

 

[Snippit]

JSE, GLD (ETF)

This chart is the JSE Gold ETF, share code GLD which tracks the Rand price of gold.

 

https://jsecharts.bl...se-gld-etf.html

 

 

et vidi et non audistis

 

 

 

[Snippit]

JSE, Gold Mining Index, J150

The markets have moved into rarely, if ever seen territory. But this is just a continuation of the abuse and related malfeasance of the self-legalized modern mafia. Technical analysis is consequently being challenged like never before. 

Wave (4) has the appearance of a normal zigzag pattern. Accordingly the present action is seen as wave [ii] which is finding support at the 62% retrace level. Unless the Fed and/or associates go even more berserk that is.

 

https://jsecharts.bl...index-j150.html

 

 

resistere et eripere

 

 

[Snippit]

XAU/GBP

This daily chart of spot gold in Sterling XAU/GBP observes the extendings within Primary wave [3]. Now entering Intermediate wave (5) following a complex extending of Intermediate wave (3). This is not the only available observation. There is always at least one other viable option. The objective is to find and go with the correct one. Assuming it makes a difference to the prospective outcome.

https://wavecount.bl.../06/xaugbp.html

 

 

vitare dolore

 

[Snippit]

XAU/USD

This 4 hour chart takes the view that Minor wave 4 of Intermediate (5) has concluded via an equal legs correction pattern which has followed the Minute degree 4th wave of the symmetrical triangle. 

https://wavecount.bl.../06/xauusd.html

 

 

exercete genua erigite

 

 

[Snippit]

JSE, Gold Mining Index, J150, revised

A review of the progress of the current Cycle indicates the probability that Primary wave [4] has already completed. More on this at:

 

https://jsecharts.bl...index-j150.html

 

 

non sunt normalis

 

[Snippit]

JSE, Gold Mining Index, J150

This hourly view of the Gold Mining Index is showing the progress and target of Intermediate wave (5). A small dip is now expected as the fledgling uptrend is partially retraced, the completion of which is expected to be the entry point for the run up to the top of Primary wave [3]. I apply this to the major listings of this index with a 15 minute view. Make sure you are in total agreement and that you know how to trade with safety before acting on this sort of half-educated guesswork.

 

https://jsecharts.bl...index-j150.html

 

 

tyrannicas introducamus

 

 The purpose of sharing this is to encourage broader interest with the application of the Elliott Wave theory. 

The standard version of the theory applies.

 

 

 

Edited by Snippit, 29 May 2020 - 01:14 PM.

[Snippit]

XAU/USD w/ updates

The force has left the manipulators. The month of May is soon to be departing, the moon is inverted and the exuberance has been totally irrational. The target of 1800 seems to be inadequate.

 

 

imperium stultus

 

[Snippit]

XAU/USD w/ updates

Leaving all nonsense behind and moving along: the symmetrical triangle is seen in its bullish form and adjusts the target to 1800. This target for Minor 5 is thereby 0.62 of 3. Minute wave [i] is looking to be the largest wave within 5. 

 

 

 

De re publica habet cerebrum injuria

 

 

 

 

[Snippit]

XAU/USD w/ updates

The bucket of cold water was overdue for the zombie scarecrow markets but the gold baby also took an unexpected but  small hit from the schizos. Meanwhile the result provides reinforcement for the triangle target. The alternate take sees Primary [3] coming soon but either way its a reversal point.

https://wavecount.bl.../04/xauusd.html

 

 

Hic genuflectitur

 

 

 

[Midas1]

Maybe when powell speaks gold bugs will get buying..

Good article on investing.com re us dollar strengthening etc on this..

[Midas1]

Maybe when powell speaks gold bugs will get buying..