458 replies to this topic

[Snippit]

XAU/GBP

When wave 4 arrives it will impede the charge. Maybe wave 3 will split. Maybe GBP will get a bid. Maybe the US will stop selling bonds.

 

https://wavecount.bl.../08/xauusd.html

 

 

sacramentum hoc

Edited by Snippit, 01 August 2019 - 05:17 PM.

[Dusty Mountain]

Thanks Snippit appreciate, your charting seems to be accurate 

[Snippit]

Snippit can you please give a bit more clarity on the chart, is it saying no fretreat beyond 1400 and a retrace to 1420?

 

To me it says if lower channel boundary is breached then it will probably test before continuing to downside target(s). I would prefer a bounce hereabouts. The rate reaction is absurd, but charts predicted it and maybe still more to come. US may need a little more time to settle themselves. They take themselves and their rabid media far too serious for their own good. Too much money in too few hands. 

 

Like all of the charts that I post, this pattern analysis employs the standard version of the Elliott Wave Theory and is intended only to demonstrate my own momentary view within my own application of that theory. 

 

[Dusty Mountain]

Snippit can you please give a bit more clarity on the chart, is it saying no fretreat beyond 1400 and a retrace to 1420?

[Snippit]

XAU/USD

If [i] is (3) then (4) should not enter (1) and most often aligns with the end of the lower order 4th wave.

 

https://wavecount.bl.../08/xauusd.html

 

 

mentis ludo

 

 

Improved version

[Snippit]

XAU/USD

If [i] is (3) then (4) should not enter (1) and most often aligns with the end of the lower order 4th wave.

 

https://wavecount.bl.../08/xauusd.html

 

 

ludo mentis

[Dusty Mountain]

"The Fed was non-committal for the need for further rate cuts as such gold was sold off,” said Heng Koon How, head of markets strategy at Singapore’s United Overseas Bank.

[Snippit]

Initial reaction to Fed sees equity selling, bond buying, DXY rising causing $US pricing for resources to come off.  Expecting buyback activity to increase and initial reactions to reverse. Then a return to reactions for earnings, global growth expectations, trade dealings, Brexit and many other take-your-pick wonderments.

[Midas1]

Gold and plat dropped like a ton of bricks since fed announcement...interesting what tommorrow brings but looking rather red at moment

[JK001]

Whats up with gold miners down 5%+- on what news???

 

Specifically Sibanye: Gold price only down 0.1% today / Platinum is up 1% (on road to recovery imo) / Palladium up 2% (all time highs)

 

US fed rate cut .25% tonight at least, normally boosts gold  price.

 

WTF is going on!!

 

Any one with knowledge on this strange sp movement.

actually no fundamental reasons for FED to cut rates except political pressure.

S&P at all time high.

Jobless claims 180 degrees different that SA Inc.

Jittery before FED call.

patience.

[Dusty Mountain]

Adding value to Sibanye basket is Rhodium @ $3540 also at 10 year highs, cant understand the why all the positive fundamentals and the sp is down 6% today.

[Dusty Mountain]

Whats up with gold miners down 5%+- on what news???

 

Specifically Sibanye: Gold price only down 0.1% today / Platinum is up 1% (on road to recovery imo) / Palladium up 2% (all time highs)

 

US fed rate cut .25% tonight at least, normally boosts gold  price.

 

WTF is going on!!

 

Any one with knowledge on this strange sp movement.

[Snippit]

JSE, Gold Mining Index, J150

This view of the daily JSE Gold Mining index (J150) signals caution.

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

 

 

caute

 

 

Index dip of 4.45% today. The fed rate thing rules. Nothing else. How do you spell fund er mental?

[Midas1]

Impala took bit tumble at last check...am hoping more of a tumble tommorrow before I hit buy button...

[Midas1]

Thanks...watching it like a hawk even though buy price in place in case I want move it

[Midas1]

XPT/USD has not yet escaped the bear. It looks to be topping again within a horizontal triangle on the daily chart. If so then it will probably lead IMP.
Wave 1 often confuses by being an abc that looks like a five wave impulsive. Thats what IMP has produced, looks like a fake to me. Either way the next significant leg is odds on going down.
Good luck.
Gold is a different, more complex animal.

Sent from my SM-G570F using Sharenet Sharechat mobile app

[Snippit]

Hi Snippit...would you say caution platinum too? I'm hoping as short on impala...Thanks and have good day

 

XPT/USD has not yet escaped the bear. It looks to be topping again within a horizontal triangle on the daily chart. If so then it will probably lead IMP.

Wave 1 often confuses by being an abc that looks like a five wave impulsive. Thats what IMP has produced, looks like a fake to me. Either way the next significant leg is odds on going down.

Good luck.

Gold is a different, more complex animal.

[Midas1]

Hi Snippit...would you say caution platinum too? I'm hoping as short on impala...Thanks and have good day

[Snippit]

JSE, Gold Mining Index, J150

This view of the daily JSE Gold Mining index (J150) signals caution.

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

 

 

caute

[Snippit]

USD/ZAR (updated twice)

30th July:

The 15 minute double top pattern target was hit and then exceeded to the lower support level which produced a positive divergence to bring us to the JSE opening bell. As you are well aware, the 5th wave of the impulsive Minor 1 pattern is now expected.

 

 

https://jsecharts.bl.../usdzar_25.html

 

 

et nunc vides