23 replies to this topic

[dharma]

gold making new forever highs in several currencies. dharma

[dharma]

gold breaking out of its downtrend. dharma

[dharma]

i expect this wave to be very overbought, in time for wave 4 correction and then wave 5. gold will challenge 1k and xau to 150-155. the important point for me is taking out the 885 makes this a 5 wave move, and the 680 low for gold should hold on the wave 2 correction. dharma

[dharma]

wave 4 is now. looking for a top next month 9th-14th. dharma

[dougie]

Dharma: wave 4 of the entire move up from OCt lows or only from Jan lows?

[dharma]

this wave 4 correction should last a few days. (its wave 4 coming off the oct lows). then wave 5 and that should end 1of 3. feb 9th-14th dharma

[dougie]

i agree, but the move up could have been a 3 wave move and this down could go to new lows as an alternate

[dharma]

i agree, but the move up could have been a 3 wave move and this down could go to new lows as an alternate

good luck!!!!!! dharma

[dougie]

we all need all the luck we can get these days

[dharma]

my stuff continues to show a high feb 9-14 and it should be anew high for the move. so, i continue to maintain my position. dharma