458 replies to this topic

[Snippit]

USD/ZAR (updated)

29th July:

My most probable take atm, looking for (iii) and wary for a resumption of the downtrend.

 

The connection here is with the Rand price of gold.

 

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

 

 

Noli vendere avia tua

Edited by Snippit, 29 July 2019 - 08:03 AM.

[Snippit]

USD/ZAR

This hourly chart of currency pair USD/ZAR sees a break out attempt following the correction leg C of the sideways Intermediate (2) wave. 

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

 

 

dentes mordere

[Snippit]

XAU/USD, Spot Gold ($US/Oz)

This hourly chart has waited patiently for XAU/USD to complete a satisfactory symmetrical triangle.

https://wavecount.bl.../blog-post.html

 

 

paenitet, non permisit canibus

[Snippit]

Gold (spot) XAU/USD

This hourly chart indicates that Minor wave 3 of Intermediate wave (3) has completed Minute [i]

https://wavecount.bl...pot-xauusd.html

 

 

cave stulti

[Snippit]

Sensing a gathering of indications, with commonality of potential. Here is one:

 

https://wavecount.bl...auusd-usoz.html

 

 

vel accipiendas, vel recusendas ab illo

 

[Snippit]

Gold Spot, XAU/USD, ($US/Oz)

Intermediate wave (3) is underway. Minor wave 3 is indicated as current. Accordingly, Minute wave [iii] of Minor wave 3 of Intermediate wave (3) of Primary wave [3] is next.

https://wavecount.bl...auusd-usoz.html

 

 

nexum sequi

 

 

[Snippit]

Gold Spot, XAU/USD (15 min)

This 15 minute chart of XAU/USD has the simple visual indication of the mid-point pause of the bull cycle that commenced January 2016. 

https://wavecount.bl...usd-15-min.html

 

The bull in gold is a simple consequence of uncertainty. It is simply in progress whilst all else is remaining uncertain. This forceful simplicity defies the traditional thinking and institutional manipulation and is predictable only via Elliott wave theory.

 

Try to avoid becoming a mark, a proverbial lamb to the slaughter, a follower, a lazy. You will simply be fleeced, sheared, taken. 

The dog and pony show awaits your bleating with sharp shears. 

 

[Snippit]

XAU/USD Spot Gold ($US/Oz)

Standard projections point to spot gold XAU/USD being at the mid-point resistance zone of the 3rd wave fractal cluster..

 

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

 

 

[Snippit]

1. XAU/USD  Gold ($US/Oz)

 

The price has broken above Primary wave [1] of Cycle V as it launches within the 3^rd wave fractal cluster of Primary wave [3], Intermediate wave (3) and Minor wave 3.

 

 

aut amittat eam

 

[Snippit]

XAU/USD mid June

 

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

 

The hourly view is quite clear and self-explanatory..

 

 

nihil interest

[Snippit]

Gold Spot (XAU/USD)

 

The sideways continuation of Intermediate wave (2) is decidedly possible, but this is currently seen as the alternate option.

 

The typical target for Minor wave 3 is $1568. This requires a Minor wave 3 height of close to 4 times that presently on the chart. Even the revised Cup and Handle projection is insufficient when compared with the available typical Elliott projections and is therefor seen as conservative.

The projected target for Intermediate wave (3) is $1673.75.

Projecting target for Primary wave [3] = $1693. For Primary wave [5] = $2022 creating a new ATH.

 

https://wavecount.bl...pot-xauusd.html

 

 

 

bonitas misereatur

 

 

[SoleTrader]

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[Snippit]

The bigger picture is always useful... Gold Spot ($US/Oz)

This monthly chart indicates that the fifth and last Cycle degree wave since the gold price was first floated is now underway and that Primary wave [3] is commencing. 

 

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

 

 

Ova cum lardum

[Milo]

Yes and then there is also the possible inverted head and shoulder. Maybe if gold can break through 1340 and 1360. It can go to R1500. Good luck to investors in gold and gold mining. Maybe a tweet or 2 from Trump can help.  

[Phoenix...]

Excellent......         Thankyou Snippit.....

[Snippit]

 

Interesting times.

The Gold Miners Index (J150) makes a new low for Intermediate wave (2) within the narrows of the falling wedge. The threat of activation of a trend reversal increases. This implies a related flight from other equities.

 

 

Thanks for the TA. There is a big cup and handled formed with gold on the weekly chart. The breakout and upswing might be good.

 

 

I see your cup & handle has broken out. It has a target that assists the projection using the elliott theory. Most interesting...

 

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

 

Gold Spot ($US/Oz)

The first of these 4-hourly spot $US Gold charts projects the traditional cup and handle pattern breakout target.

 

The second chart uses Elliott theory and Fib ratios to project the breakout leg (wave iii) action. ..

 

 

quaerere et invenire

Edited by Snippit, 01 June 2019 - 01:23 PM.

[JR7800]

Thank you very much. I share your opinion.

[Snippit]

Snippit. I love these charts you post but unfortunately I am to my shame a novice if it comes to really understanding and reading charts and I am not always sure if I understand them correctly.

 

I am, was and still are heavily invested in gold and platinum shares. My main share portfolio consist of metal (Anglo gold/Sibanye/Lonmin/Anglo plat and others) and resource (Exxaro/Kumba and others) producing company shares.

 

Can you please take 5 minutes and just give me an indication as to whether these gold miners shares are looking to the upside or downside?

 

Much appreciated.

 

ATM I see potential bull surge for gold related instruments where the J150 index has a classic pattern for a break out and has a wave pattern that supports the idea of intermediate wave (3) commencement. Typical for wave 3 is a move of 1.62 of wave (1). That index relates to local listed gold mining shares.

My view is that a global move from equities is occurring and the politics will not rush to rescue the markets this time for the sake of buying votes for someone. Accordingly I expect a gradual and general pull back until the next US elections with a target of about 1800 for the S&P 500 index.

Meantime its better to park up safe IMO. Gold is possibly worth about a 10% allocation during times of dollar strength and gold strength at the same time but you still need a stomach for some volatility if you intend to stick it out. 

Oil is giving the signs of an impending mini recession. Watch the Fed for a rescue rate move, but it seems to me that the expectation for a cut is also evaporating.  

I gauge that the reaction to Trump tweets is becoming muted and a negative sentiment is taking root in preparation for changes that are needed but will leave a few scars. FWIW. Bottom line from me is tread carefully.

[JR7800]

Snippit. I love these charts you post but unfortunately I am to my shame a novice if it comes to really understanding and reading charts and I am not always sure if I understand them correctly.

 

I am, was and still are heavily invested in gold and platinum shares. My main share portfolio consist of metal (Anglo gold/Sibanye/Lonmin/Anglo plat and others) and resource (Exxaro/Kumba and others) producing company shares.

 

Can you please take 5 minutes and just give me an indication as to whether these gold miners shares are looking to the upside or downside?

 

Much appreciated.

[Snippit]

JSE, Gold Mining Index, J150

The weekly chart of the Gold Mining Index is seen here to have a Super-cycle correction between 2002 and 2015...

https://jsecharts.bl...ex-j150_30.html

 

 

super novum

Edited by Snippit, 30 May 2019 - 10:28 PM.