thenry

thenry 162 views ・

Still believe we have to Test the "Bullish Trendline". This appears to be happening right now. This would be a good thing for the "Bulls" as long as it doesn't get to extreme (Just a quick test with weakness followed by a strong move up). Appears to me we are in a WXY for a Wave "2". Many similarities between the "W" and the "Y". Currently looking at a "C" wave...

thenry 160 views ・

Hello Traders, Am currently looking at 2 "Key Levels" before Gold can progress upwards. The key issue is we need to test the "Bullish trendline" (Cayan). There is 2 ways to do that. "Option #1": We ride the "Bearish trendline" down to the 1249.00 area. Option #2: We do a faster, quicker move down to the 1226.00 area. Right now I am leaning towards "Option #1". Good Luck.

thenry 99 views ・

In my last analysis the Trendline was broken. Therefore the big move up is not going to happen. (At least not right away) Still believe Gold is Bullish. Are currently in a "ABC" expanded flat correction. Looking for the "C" wave to end at the 1229.00 area. After that Bullish.

thenry 517 views ・

Hello Traders, I see it being "Bullish". With geo-political issues this might not be "such a good thing". On a more "optimistic side" I believe if this is bullish it is just a Correction. Would end roughly in October with Gold crashing to the Downside. For now it appears each "Wave 1" up has been a "Leading diagonal". In Elliot Wave if "Wave 1" is a leading...

thenry 147 views ・

Still appears to be quite "Bullish". We now have a daily bar that is finding support on the long term Bearish trendline. Believe the minor Wave 2 is complete and we are about to begin Wave 3 of 3 (Of Wave "3") My first short term target is the 1352xx area.

thenry 156 views ・

Looking at the 1279xx area to possibly end this correction downwards.

thenry 196 views ・

Appears to me we are in a Correction upwards. A simple ABC. Many buying oppurtunities on this move upwards

thenry 115 views ・

Looking at the 1278.00 area before we progress forwards. Details on Chart.

thenry 116 views ・

It appears to me we have much more to the upside. Currently correcting for a minor Wave "2". Expecting a shallow retracement (23.6%) The 1 wave impulse is already complete but already the correction is going above it (Very Bullish). All the other Wave "2's" were very shallow with a strong "B" wave and a weak "C" wave. Looking at the 1350 area for Wave "3". Much...

thenry 216 views ・

Looking for a Correction now for a Minor Wave "2". Believe this will be a shallow retracement at the 1266.90 area. For this Bullish movement to progress forward the Cayan trendline can not be touched. If this analysis is correct more to the Upside. Because we had a Running correction for Wave 2 this next impulse Wave should really move fast.

thenry 219 views ・

In the 4 hour time frame we are looking at the 1233.4 area for the "C" wave to complete. After that we are "Bullish". Strongly Bullish for the "3rd" wave up of Wave "3".

thenry 225 views ・

Believe we are finally in our Minor "C" wave down to end this correction for Wave "2". The sweet spot is the 1233.00 area. For this count to work the "Bullish trendline" must not be touched (what so ever). If this Count is correct we will be starting Wave "3" of Wave "3" (Much more to the Upside) Believe this Minor Wave "2" will test the blue dotted trendline one more time

thenry 130 views ・

Looking at a strong move down (Wave 3 of Wave C). Currently in a complex long correction for Wave 2 before this continue's downwards. If this is correct looking at Targets 1242.5 and 1236.5

thenry 102 views ・

Currently believe we are in a Wave "C" down to complete a Wave "2". This "C" wave has completed wave 1 and is now correcting. Appears to be an expanded flat with the "c" wave sub-dividing (wave 2). Looks like a test to the minor wave "4's" and then a strong move down. Will make a nice Head & Shoulders.

thenry 226 views ・

Sorry, after further analysis have changed my count. Still believe we are "Bullish to 1253.00. After that a "C" wave to approximatley 1233.90 before we return "Bullish" After that we are "Bullish"

thenry 222 views ・

In the Longer term on this chart believe we are forming an ABC flat correction (3-3-5). At the shorter term analysis we are currently in a double zig-zag for the "B" wave which is incomplete. Looking for weakness at the 1253.00 area before we progress downwards. Good shorting oppurtunity. Target is at the 1234.00 area.

thenry 172 views ・

Short term buying oppurtunity to 1257.00 area. After that Short. Still in a Wave 2

thenry 191 views ・

Currently believe we are correcting downwards now. (A larger Wave "2") before we proceed upwards. Looking at the 1236.00 price for this to end. Will probably be a bumpy road down. Meanwhile looks like a good shorting oppurtinty to 1248.00 area. An ABC where AB=CD.