Gorbie
Short

Gold XAUUSD

FX_IDC:XAUUSD   GOLD / US DOLLAR
210 19 10
9 months ago
Short from 1194–1239 area
9 months ago
Comment: Downward to 1200–1218 area, then goes up to 1381

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Gorbie
Kinross Gold
Gorbie about KGC 1 9 months ago
IvanLabrie TOP
9 months ago
I shorted at 1258 (after getting stopped 3 times), third time's the charm.
Cheers.
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Gorbie IvanLabrie
9 months ago
Good opportunity for long after retest of breakout.

New setup here...
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IvanLabrie TOP Gorbie
9 months ago
Everyone has this strange Pretcherian count lately...haven't you seen it too often?
I think it's not the case, but good luck.
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Gorbie IvanLabrie
9 months ago
I don't know.
If I see 3-7-11 sequence count of correction, I change my position after retest of breakout.
Here the longs with 3 waves at least.

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IvanLabrie TOP Gorbie
9 months ago
I don't know either, but I don't agree with this wave count.
Not a problem though, it might work anyway, even if it's something else.
Good luck with the setup.
Reply
Gorbie IvanLabrie
9 months ago
Look at monthly timeframe. Perhaps, price in "6" of correction cycle from September 2011. Anyway price should bounce near cost of production a gold. Correction of big impulsive cycle from August 1999 till September 2011 is ended into $1086–890 area.

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IvanLabrie TOP Gorbie
9 months ago
Yeah, maybe that's what's going on.
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Gorbie IvanLabrie
9 months ago
Maybe it's ABC (zig-zag)... But 3 waves up should be before price goes down to $980.

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IvanLabrie TOP Gorbie
9 months ago
The small one, and the giant two, and the too steep retracement at completion disagree with neowave rules of logic, to start with.
That's why I disagree with this impulsive decline wave count.
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Gorbie IvanLabrie
9 months ago
Of cause, wave B could goes higher.

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IvanLabrie TOP Gorbie
9 months ago
If we get that kind of action, we would see a terrible meltdown in the market.
I doubt it at this point, but would be impressive for sure.
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Gorbie IvanLabrie
9 months ago
Gold not always correlated with indexes...

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IvanLabrie TOP Gorbie
9 months ago
You're going too far back.
Gold rally as a result of panic in stocks, happens often.
There was no panic before.
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Gorbie IvanLabrie
9 months ago
We can't analyse of panic, news, etc. But we can count a waves on charts.
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IvanLabrie TOP Gorbie
9 months ago
We can...you're not quite following me.
The sentiment can be analyzed, and yes, also seen in charts, but it adds value to be aware of ratios like bonds/stocks, or seeing if gold reacts or not, monitoring commitment of traders reports etc.
There's more than the chart. All I'm saying.
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Gorbie IvanLabrie
9 months ago
You are rock! For me it's too complicated.
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IvanLabrie TOP Gorbie
9 months ago
haha no prob.
Not needed if you can do charts good like you ;)
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Gorbie IvanLabrie
9 months ago
Okay! Thanks for your mention )
Reply
Gorbie IvanLabrie
9 months ago
Okay! Thanks for your mention.
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