Hurst Analysis on Gold
Screen shot of what seems to be sentient trader's conclusion on gold's future...
Posted 11 November 2018 - 07:58 PM
Hurst Analysis on Gold
Screen shot of what seems to be sentient trader's conclusion on gold's future...
Posted 12 November 2018 - 11:50 AM
so far i dont see anything here to deter the possible bullish count. this wave 2 , at this point , is quite normal.
venus which goes direct on november 16th and mercury goes retrograde on that date. this should change the direction of the gold market.
and perhaps the stock market as well. venus changing directions has a high correlation to markets changing directions. one of venus indicators is finances
dharma
Posted 13 November 2018 - 08:43 AM
Using $XAU in a search for a bottom, FWIW
We are at the mid-point of Wave 3 of 5 of C of 2, IMHO
Posted 13 November 2018 - 08:48 AM
I would expect to see weakness in the miners due to tax loss selling...
Posted 13 November 2018 - 11:50 AM
Using $XAU in a search for a bottom, FWIW
We are at the mid-point of Wave 3 of 5 of C of 2, IMHO
DEFINITELY a possibility today the dsi is 7 . we got to 6 i2 the lows. silver made new lows , gold did not . a case of intermarket divergence. i thought yesterday saw capitulation in the miners. hints of it today as well as gold broke the psychological barrier of 1200 and hit 1195.7 so far today we have a hammer.. lets see how this plays out. waiting to deploy
dharma
ps . chinese new years buying comes in next month, i think it will be muted as there economy/stock market is not performing well
Edited by dharma, 13 November 2018 - 11:51 AM.
Posted 13 November 2018 - 12:37 PM
SIlver looks like a possible double bottom and XAU has diverging momentum with a bull flag formation and doji formation today. Could this be the bottom and a test of the August low? A silver - gold divergence is sometimes a sign of a bottom.
Edited by Russ, 13 November 2018 - 12:45 PM.
Posted 14 November 2018 - 09:43 AM
Posted 14 November 2018 - 12:00 PM
russ so he is saying wave 5 of c ends in a diagonal triangle
we are pushing to an exrtreme 6 days in a row down on gdx
dharma
Posted 14 November 2018 - 02:28 PM
russ so he is saying wave 5 of c ends in a diagonal triangle
we are pushing to an exrtreme 6 days in a row down on gdx
dharma
Dharma, Your guess is as good as mine, you could log onto the site and ask him, what you see in the chart is all I know, I did ask him what comes after 1270 and if he thinks we have seen the final low but have not got a reply yet. here's the link to his site... https://www.tradingv...DIZB6igsFAw7hwm Russ