Here comes to moment of truth in gold prices: this mini GZ must hold. Gold not liking when DXY rises. 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...
Looking good. I hope you are not surprised: I've been calling $1690 for months. Big Fibonacci support for algos. Looks like we had what I call the A-B-Bam! pattern that we often see in cryptos (in green here) Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks & ETFs,...
This long-term chart of GLD reveals that we have entered the next bearish cycle for the Gold market. This cycle of the Gold market peaked a couple of months ago and seems to be following the same trend from the last cycle. In fact, if we use the fib-retracement tool to plot the pullback from the first pulldown from the peak, we can see that GLD has bounced up and...
Yea this could be pretty ugly if breaks here Gold has walked on down to sub 1700....just broke after the Feb Jobs number down to 1690 Maybe this is the final flush out before Gold regains a bid on some inflation worries... Though it really doesn't seem to care about that Either way I'm getting long GLD calls here for a move back up towards 165 where there is a...
What this chart shows... The treasury bond yield and the price of gold have a strong relationship in the long and medium terms (in inverse directions, hence the use of GLL UltraShort Gold ETF as a comparative measure - PURPLE line). Yields had been falling strongly, and gold price rising swiftly throughout 2019 and into 2020. After the initial Wuhan Virus shock,...
Hi i have another premium setup here on COMEX:GC1! . In my last analysis i pointed on demand area where i expected bulls come in. it happened yesterdey successfully and price rejected lower levels below $1680. So now its tto long play on gold. My long setup is higlighted in chart.Target level is next potential supply zone at $1760 - $1780 level. You can aplly...
Awaited reaction is here. We need to continue to the upside. 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...
... for a 1.88/contract credit. Notes: Adding a third "rung" to my GLD position out in June on this weakness. 1.28% ROC as a function of notional risk.
We have the awaited reaction with this gap up. It must keep going. 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...
We have a weekly TD9 on GLD, and some major divergences showing up across the Gold chart. I believe today is a major swing bottom.
Bullish divergence on several timeframes. 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...
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,...
This is early draft for #003 trade idea. Notes: 1. For all intents and purposes, if your holding period is 6 MONTHS OR LONGER, buying NOW is not a terrible idea. Maybe even more true if you intend to hold to February 2025. 2. That said, the ever-annoying "one more low" risk is still present and may not clear until we are through FOMC on 03/17/2021, April NFP...
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,...
Gold prices at geometric and Fibonacci support. Hidden bullish and bullish divergences on high timeframes. Hidden bearish divergence on the low timeframes. Breaking this green box would be bad for gold. Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks & ETFs, cryptos,...
Entering the zone. I'm expecting a strong reaction at $1690. Will it be the bottom? We are missing a 5th leg down within C of Y. DXY represents a threat to metals. 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...