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Posted 06 July 2021 - 10:30 PM
TRADER's Goal break down tracker - perfect for setting, tracking & achieving TRADING goals!
Click this link to find out more https://www.etsy.com...p_home_active_1
I don't like spam no matter how it is served.
Posted 02 July 2021 - 03:36 PM
TRADER's Goal break down tracker - perfect for setting, tracking & achieving TRADING goals!
Click this link to find out more https://www.etsy.com...p_home_active_1
Posted 27 June 2021 - 10:41 AM
https://el834862649....shanti-jse-ang/
This weekly chart for the JSE ANG advises that Primary wave [3] is extending. This was confirmed by the intrusion of the Primary degree transition into the territory of Primary wave [1] in November 2020. Now the turn indicators take position following 5 straight weeks of decline bringing the CCI to make the suggestion, along with within [3]y there is an acceptably complete 5-3-5 pattern. So it appears that the turn is approaching. This should at least slow down the rot.
Consilion non impetu
Posted 23 June 2021 - 09:25 AM
https://el834862649....spot-xau-usd-7/
The daily view of the spot gold chart for the last year presents the corrective Primary wave [4] which can morph into a mid-3rd transition should the wake up call be heard. The fib ratio of 0.618 makes 2 appearances, Intermediate wave (1) is close to being 0.618 of [4] and Intermediate wave (2) is close to being 0.618 of (1). The RSI is also comfortable with this take. So that was nice and easy for a change.
Audentes fortuna iuvat
Posted 21 June 2021 - 07:37 AM
https://el834862649....spot-xau-usd-7/
Can $120 billion/mnth still do anything for stability?
Posted 11 June 2021 - 07:08 AM
https://el834862649....spot-xau-usd-7/
Staying with the hourly chart and reviewing the count as a matter of course. Now the channel becomes a player on the indicator team. The price target for Minor 3 has a partnership of two proponents. Equal move projections are 2 to 3x from 3y and 2 to [i] from [iv].
Posted 07 June 2021 - 01:31 PM
XAU/USD
https://el834862649....spot-xau-usd-7/
The MA 200 has changed from support to resistance and has flattened similar to its progress through Minor wave 2. Wave 4 has pattern similarity with [iii]x-y and duration related alternation with 2 which fails to convince that this is not mid-wave transition for Intermediate (1).
Posted 31 May 2021 - 12:29 PM
Gold (spot) – XAU/USD
https://el834862649....spot-xau-usd-7/
The updated hourly chart negotiates Minor wave 4 into the month end. The occurrence of alternation should avoid the descending abc pattern of Minor wave 2 and favor a complex sideways one here. The MA 200 is strong support.
Posted 24 May 2021 - 12:34 PM
https://el834862649....spot-xau-usd-8/
This weekly view sees some uncanny similarities. Will the upcoming resistance be a similar game changer? Will the never-ending plandemic be destroyed by a truth bomb and old-style herd immunity? Will the economic outlook cause inflation fears to evaporate along with the excess debt burden? Anything is possible no matter how improbable, but black swans are not known as being good things so maybe there will need to be a white swan?
Posted 20 May 2021 - 10:06 AM
Posted 13 May 2021 - 08:11 AM
11th May
On the daily chart the channel is well formed and the RSI adds strength to its negative influence. The pattern following [4] is not well formed but following 2 it is similar to the pattern of the previous bounce. The prospect of a breakout looks slim at this time but stranger things have happened before. The annotation sees Intermediate wave (1) in progress and negotiating a typical extension of Minor wave 3. Alternation should produce a complex structure for [iv].
https://el834862649....spot-xau-usd-6/
Posted 11 May 2021 - 04:50 AM
Posted 10 May 2021 - 09:10 PM
https://wordpress.co...wordpress.com/5
The weekly chart for XAU/USD is annotated with Elliott Wave notations. The largest wave components of the pattern are of Cycle degree and indicate that final Cycle V is current. Within this we have Primary wave [3] on the go. This bull driving wave is seen to be emerging from a mid-wave transition [3]x – [4]y. This assignment is prompted by a resulting correlation with some significant slave instruments that have no choice but to adopt the same count.
The daily chart of AngloGold Ashanti (JSE), ANG, has developed a falling wedge with a significant bullish divergence of the RSI. Support from sideways action the previous Intermediate wave (4) has arrested lingering negativity. The fear of a head-and-shoulder pattern bringing a significant devaluation of ANG has no place in the reality of the troubled waters that exist. Such patterns are often “seen” but rarely productive.
Posted 22 April 2021 - 10:07 AM
Goldfields ADR v XAU/USD
https://el834862649....-adr-v-xau-usd/
...The wave count of the current Cycle has seen the need to ascribe the gold price pull back since August 2020 to be a mid-wave correction.
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Posted 12 March 2021 - 10:03 PM
Posted 03 March 2021 - 08:21 AM
Posted 17 February 2021 - 04:53 PM
XAU/USD spot
Anticipation can blur the prospective pathways. If the chances are many then the certainty is not. This close approach of [4] increases the uncertainty and the turn indicators equally.
ne numeraveris pullos tuos
Posted 11 February 2021 - 08:43 PM
XAU/USD (spot)
This 2-hourly view of spot gold shows Primary wave [4] and the journey into the Intermediate wave (3). This is Cycle V of the first Supercycle for gold since it was sort of set free by Uncle Sam's agents in 1971. Hegemony is highly addictive and very hard to walk away from.
Posted 08 February 2021 - 10:44 AM
The good news today is that the negative pulsing of the spot gold price is not (so far) doing its usual Monday morning thing when the LSE opens.
The other good news is that some positive sentiment has been murmuring about expectations for gold miners results.
The bad news is that spot gold has been driven into a deep retrace of Intermediate wave (1) and is close to being driven off a cliff if hedging increases and buyers remain so skittish.
The bi-partisan uncertainty of things is also reflected in the gold mining index chart and could easily carry on for years this way. Deception rules.
https://el834862649....ing-index-j150/
Posted 04 February 2021 - 01:04 PM
Gold spot - XAU/USD
update
https://el834862649.....com/xau-usd-3/
Intermediate wave (2) is reaching the end of its tether. Me too.
Veni omnibus fidelis