GLD
GOLD
Initiate: BUY
Gold has completed Cycle Wave 1 and Cycle Wave 2.
Cycle Wave 3 is now beginning (Based on GLD Chart)...
Cycle Waves:
Cycle Retrace: 50%
Days: 1583
Draw-down: 46.47%
Daily Chart: Primary Wave Forming
Sub-Waves:
Extension Trigger:
Targets:
Near-Term: 6 days
Near-Term: $117-$120
Near-Term Extension: $120-$124
Primary Wave estimated to last between 364 and 448 days based on Fib time
Will update.
-AB
GOLD
Initiate: BUY
Gold has completed Cycle Wave 1 and Cycle Wave 2.
Cycle Wave 3 is now beginning (Based on GLD Chart)...
Cycle Waves:
Cycle Retrace: 50%
Days: 1583
Draw-down: 46.47%
Daily Chart: Primary Wave Forming
Sub-Waves:
Extension Trigger:
Targets:
Near-Term: 6 days
Near-Term: $117-$120
Near-Term Extension: $120-$124
Primary Wave estimated to last between 364 and 448 days based on Fib time
Will update.
-AB
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Target Hit.
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Looks like it wants to move higher...
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Just changed Wave count characters for easier viewing...
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$119 is a key level to break...
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After $119, then $124 level will trigger a higher degree extending wave....
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If $124 breaks then it would trigger an extending 3rd Wave...
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Key Level = $119.55
If the key level is broke it will trigger an extending 5th Wave...
If the key level is broke it will trigger an extending 5th Wave...
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GLD price-action looks good.
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5th Wave Extension has been triggered.
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We are in Primary Wave 5...
Primary Wave 5 is extending...
Primary Wave 5 is extending...
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GLD is forming a HUGE Bullish Leading Diagonal....
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GOLD is set for a MAJOR BREAKOUT!
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Near-Term Target = $130.00
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I do not see any major pullback until we approach $140-$150 Levels.
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Gold heading straight to $130!
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Looks like I got a dislike...
If you do dislike please leave a comment on WHY?
Appreciate the feedback...
If you do dislike please leave a comment on WHY?
Appreciate the feedback...
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GLD still on track for $130...
Stay the course...
Stay the course...
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SPX vs. GLD
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Also, puzzled how I could get a dislike when the Analysis already hit its target...
But, I digress...
Probably still lurking too...
But, I digress...
Probably still lurking too...
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Redo Analysis...
Added Trend Lines
Added Sine Wave
Added Wave Counts
Added SPX
Added Spirals
Added Trend Lines
Added Sine Wave
Added Wave Counts
Added SPX
Added Spirals
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GOLD GOLD GOLD!
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Analysis Target Hit.
Will update with new idea shortly.
Will update with new idea shortly.
Trade closed: target reached
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