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...
Nice risk/reward in this bull flag. While other commodities are hitting resistance areas, Gold has been correcting. Nice add to a portfolio on a bounce here.
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...
Forecast: See some upside for gold this week, but it all depends on how bond-market play's out. Targets @ ~1746 and ~1762. Also; I briefly address market sentimet - why gold is not favorable at the moment. Video time: 06:13 About Gold Next Week # A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout...
Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks & ETFs, cryptos, and commodities, in weekly, daily and 4-hour timeframes. Cryptos are updated every day of the week and on Saturday, if necessary. Traditional assets are updated on Monday, Tuesday, Wednesday and Thursday,...
First, some clarifications: 1. If you have been following, I intended to start 3-3 when a bottom looks likely. RIGHT NOW, IT IS TERRIBLE. So for numbering these ideas, I will continue with 3-2.3 and etc... until a bottom is likely. 2. This combined price-volume wave analysis method has NAILED TURN FOR TURN SINCE 02-22. 3. If you follow my posts, you should...
In development of my PRS wave theory, there is something nagging me about the wave decompression of the rally that topped August 7, 2020. While this is not what I expect to happen next, it resolves all my quant concerns before completely discounting a bearish thesis . This type of price action is ALWAYS event-driven. A possible trigger that has appeared...
Prices bounced at the mini golden zone retracement. A new high would confirm bullishness, in the short term at least. Lets do it! Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks & ETFs, cryptos, and commodities, in weekly, daily and 4-hour timeframes. Cryptos are...
From a T/A point of view this has another 15% rally in it before a sell off! HUGE volume in this monster this week!
Based off my technical analysis GLD has been trading in between a channel the past few months. Recently, we saw GLD bounce off the lower end of the channel simultaneously reversing from an important resistance level at $157. This may suggest a reversal to the upper end around $169 in the coming few months. Finally, in support of the resistance at $169, volume...
Busy af right now, so just getting this up. Will write more if I have time. But basically, various measurements say that bottom is in and if it isn't, it's REALLY CLOSE. That said, nothing exciting until 2nd week of April.