I think DXY can stretch to 96.4 or so, then we are at major resistance and could pullback, helping push crypto+metals+commodities upwards. We've been bullish since the lows so let's see...
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Didn't work last post bc (??) so here's a different one, but more out look past 4/12.
For whatever reasons, I can't publish the other drafts I completed so I am testing this one.
... for a 1.38/contract credit. Notes: Here, I'm looking to establish a GLD position and/or acquire shares via short put ladder. Currently, I've got the April 16th 164's, May 21st 155's, and June 18th 149's in addition to this rung. I'm looking to acquire shares, so am fine with getting assigned and selling call against as part of a portfolio largely...
If GLD makes a new low, $153 might come next with some capitulation and an under-throw Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding...
Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding Elliottwave! Cryptos are updated every day of the week and on Saturday, if necessary. Traditional assets...
Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding Elliottwave! Cryptos are updated every day of the week and on Saturday, if necessary. Traditional assets...
Continuous down trending for GOLD. If the price will close under the lower forecast line (line from recent lower to cloud with a 25 days distance) we can expect the price to continue to go down. Also we need a confirmation by ichimoku with a descending cloud and conversation line. As next relevant price area we can consider the previous low and a range between...
Still stuck below the ML of the channel. Breakout soon? Do you think we are going up or down? Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding...
Bearish if the blue and especially yellow GZs break. We are blocked by the ML of the channel. If DXY corrects, gold will break out. Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer...
Bearish if the blue and (especially) yellow GZs break. Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding #Elliottwave! Cryptos are updated every day of...
Checking in on Gold to see if there is a correlation to BTC. It is in the wake of Diamond that broke bear with a hint of an inverse H&S on the longer frame.
Forecast: If momentum is strong this week, target's ~1762 and ~1785 before correction, but if price action develops truncation @ ~1755 and reverses, target's @ ~1714 - 1709ish. About Gold Next Week # A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and...
Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding #Elliottwave! Cryptos are updated every day of the week and on Saturday, if necessary. Traditional assets...
Gold (AUD) log long term chart. If ascending wedge fails to the downside, it is hello yellow support line.
Gold prices playing with the fire here. At some point, we need to take off. The ML of the channel is acting like a strong resistance. We may correct the whole mini upward structure off the lows and if that is the case, the Fib GZ of that retracement will have to hold. Please like and share if you appreciate this market update. We are certified Elliotticians and...
These are just thoughts off the top of my head: 1) If silver is stronger than gold (and IT IS RELATIVELY SPEAKING), and silver has not bottomed, then gold PROBABLY HASN'T EITHER. 2) EW counts are still missing a wave 5 of C in both gold and silver. 3) US equities are entering a zone of weakness for several weeks, and historically speaking, gold tends to tank...