220 replies to this topic

[Snippit]

Gold Spot - XAU/USD

Update 16th Jan 2020:

Here is the chart without the extension of Primary wave [2]. It requires a less common interpretation of Intermediate wave (1) but otherwise has some good qualities about it. Most obvious is the Fib ratio for Intermediate (3) of [3] to Intermediate (1) at exactly 1.62. Typical projections: [3] = 1650; [4] = 1450; [5] = 1785

 

 

iactare ossium

 

 

[Snippit]

JSE, Gold Mining Index, J150, Updated

Update 17th Jan:

The more obvious has to be the preferred take. The bias towards Primary [3] being a typical ratio of Primary [1] favours extensions. With this take the expectation is that Intermediate wave (5) will be extended.

https://jsecharts.bl...old-mining.html

 

Edited by Snippit, 17 January 2020 - 10:54 AM.

[Snippit]

These daily charts of the JSE Gold Mining Index (J150) show the development of Primary wave [3]. 

 

https://jsecharts.bl...old-mining.html

 

 

 

 

 

 

opifices otiosi  libera exitium omnium

Edited by Snippit, 16 January 2020 - 01:52 PM.

[Snippit]

XAU/USD

This daily view of XAU/USD finds the second extension of Intermediate wave (3) of Primary wave [3] of Cycle V to be at a replication point and showing a similar pattern to that of the (2)-(3)' leg. 

https://wavecount.bl.../xauusd_13.html

 

 

cave fallacum hominum

 

[Midas1]

Cheers have sgl now had buy set low and was lucky, although made up lot pgm, looking strong

[Midas1]

Cheers have sgl now had buy set low and was lucky, although made up lot pgm, looking strong

[Snippit]

XAU/GBP (w/ update)

 

The daily view is seen to be dealing with Minor wave 2 of Intermediate wave (5). The retrace ratio of 0.618 is typical, but wave 2 can retrace wave 1 by any amount not greater than wave 1.

 

https://wavecount.bl.../01/xaugbp.html

 

 

nullum imperium in homines

Edited by Snippit, 09 January 2020 - 10:01 AM.

[Snippit]

XAU/GBP (w/ update)

 

This weekly view of XAU/GBP also shows the bear count that would see Cycle IV extending. There are many followers of this viewpoint. My view remains bullish because IV was the Cycle end point for resources in general which are not in agreement. From the monthly chart below it can be seen that the point [C] is already above the top of Cycle III which is hardly bearish. Also I doubt that the uncertainty in the markets will now commence to fade. However, I shall bear it in mind. 

Within Primary wave [3] it is shown that Intermediate wave (3) exceeded the typical ratio of 1.62 of Intermediate wave (1).    A daily view to follow.

 

 

https://wavecount.bl.../01/xaugbp.html

 

 

reducam enim conversionem meis imperium

 

 

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.

 

 

[Midas1]

Out my gold allready, sold at open...

[Midas1]

🤣

[Snippit]

Happy New Year. Bought harmony gold and anglo Ang....so now just a waiting game for my longs...it is gamble, but would imagine iran will retaliate and unrest continues for while..any advice welcome

 

Volatility ahoy. The lookout needs to have 2020 vision in these conditions.

But some say that the captain committee all need eye tests..

 

[Midas1]

Happy New Year. Bought harmony gold and anglo Ang....so now just a waiting game for my longs...it is gamble, but would imagine iran will retaliate and unrest continues for while..any advice welcome

[Snippit]

XAU/GBP

 

The gold price in GBP is similar to the USD take. Cycle V appears to be at the emergence point of the Primary [3] extension. Gold bugs will be aware that because Cycle III was bigger than Cycle I there is no constraint placed upon Cycle V. This follows the rule that the 3rd waves in an impulsive pattern cannot be the smallest of the motive waves (1st, 3rd, 5th).

The 3rd wave is usually the longest, which is often brought about by the extension of the internal 3rd wave. Typically the 3rd wave will target 1.62 of the 1st wave. It is observed here that Primary wave [3] has so far achieved parity with [1]. Two projections are shown. They have equal weighting.  

 

 

https://wavecount.bl.../01/xaugbp.html

 

 

Alius Felix anno

Edited by Snippit, 06 January 2020 - 08:52 AM.

[Midas1]

Evening, when do you normally find the December trading volumes taper off..about 20th or earlier? Trying time exiting my cfds for the year

[Snippit]

Goldfields ADR, Daily

This daily data chart of the New York ADR of Goldfields is annotated to indicate that Cycle V  has entered Primary [3] just over a year ago and is now emerging from a volatile mid-wave (3) regenerative hiatus.

https://wavecount.bl...-adr-daily.html

 

 

 

naturalis medicamentum

[Snippit]

When the market has lost its marbles - buy gold...

 

 

 

[Snippit]

XAU/USD, Spot Gold (updated 2nd Dec)

The support level for a badly battered gold has been fairly well established.

The inadequacy of alternation between Intermediate (2) and (4)' leans toward the count for (5) of [3] becoming the count for the further extended (3) of [3].The retrace of (3)' of 38.2% is typical. A positive divergence is being resisted but the prospect for upside from the Minuette (ii) this morning is looking quite good, albeit within an ongoing sideways constraint.

https://wavecount.bl...-spot-gold.html

 

 

citius vinctum catenis

 

[Midas1]

Thanks, highly unusual circumstances 😂 for sure

[Snippit]

XAU/USD, Spot Gold (updated 18th Nov)

The 15 minute data view sees the completion of Minute wave [ii] with equal legs abc and positive divergence from sub 30 on the RSI. Wave [i] is seen as yet another leading diagonal which is indicative of highly unusual circumstances that are influencing the price behavior.

 

https://wavecount.bl...-spot-gold.html

 

 

si metus foetet

 

 

 

[Snippit]

XAU/USD, Spot Gold (updated 12th Nov)

The 15 minute data view sees the completion of Minute wave [ii] with equal legs abc and positive divergence from sub 30 on the RSI. Wave [i] is seen as yet another leading diagonal which is indicative of highly unusual circumstances that are influencing the price behavior.

 

https://wavecount.bl...-spot-gold.html

 

 

si metus foetet