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mrglobing
Jul 16, 2020 9:59 PM

Why I am long Gold Long

GOLD (US$/OZ)TVC

Description

See charts for a reason. I was a bit bored... I have a detailed count but I guess you get the idea.
Comments
ejayeshjain
Please update us further more
mrglobing
@ejayeshjain, 3 of 5... I am flat again. Maybe go out to early but goal is goal =)
I expect a consolidation and would re-buy if the Stoch (8,5,4) is on 20....

I would expect a rebound on the ATH at around 1912

Overall I normally just expected to b in a Decade wave. So it is either overthrowing or we just enter a multi decade Wave 3 in some sort of form. Again, we are talking hear for multi year cycle. I just trade on a multi-day frame...

It has to confirm with a rebound to min 1912 and I watch H4 Stoch to get a new entry for a new high. If it keeps up I won't go blind in.

Just added a quick chart without EW Count:

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