Gold bugs might drool over Gary Wagner's Elliot look at the current action in gold.
He's looking at a target of $1434 in a 3rd wave rally.
http://www.kitco.com/news/video/show/Chart...$1400-Mark
Gold $1434 in a 3rd wave.
Started by
Rogerdodger
, Aug 12 2013 11:39 PM
23 replies to this topic
#1
Rogerdodger
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#2
dougie
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Posted 13 August 2013 - 02:16 AM
they might also recollect him calling for 2000 gold last December
#3
Russ
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Posted 13 August 2013 - 11:30 AM
they might also recollect him calling for 2000 gold last December
lol
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
SemiBizz
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Posted 13 August 2013 - 11:34 AM
Well... somebody might be interested to know that GLD... GAPPED DOWN ON STRONG VOLUME today.
so we have classic signs of PRICE REJECTION.
http://stockcharts.com/c-sc/sc?s=GLD&p=D&yr=0&mn=1&dy=0&i=t49224435842&r=1376411562274$.png
so we have classic signs of PRICE REJECTION.
http://stockcharts.com/c-sc/sc?s=GLD&p=D&yr=0&mn=1&dy=0&i=t49224435842&r=1376411562274$.png
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
senorBS
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Posted 13 August 2013 - 12:12 PM
Well... somebody might be interested to know that GLD... GAPPED DOWN ON STRONG VOLUME today.
so we have classic signs of PRICE REJECTION.
http://stockcharts.com/c-sc/sc?s=GLD&p=D&yr=0&mn=1&dy=0&i=t49224435842&r=1376411562274$.png
si, finished initial wave up from 1271 IMO, 1315 plus or minus a few is a bueno place to look for a corrective low and then the next rally is a tres wave and blows thru 1350 resistance, that is this old hombre's opinion
BSing away
Senor
#6
SemiBizz
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Posted 13 August 2013 - 12:27 PM
Gold can't shake this $Yen...
Japan reported -2.7% GDP when they were expecting + 3.5%....
All the reasons in the World to print, print, print.
http://bigcharts.mar...&mocktick=1.gif
Japan reported -2.7% GDP when they were expecting + 3.5%....
All the reasons in the World to print, print, print.
http://bigcharts.mar...&mocktick=1.gif
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#7
Russ
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Posted 13 August 2013 - 04:54 PM
The US dollar looks like it wants to rally back up on the top chart, the bottom chart is showing gold has bounced off the ceiling twice now and the second time with less money flow, there is great danger here with the moving averages on gold having stayed negative, so semibizz appears to be on the correct path. 
from technical analysis millionaire...
http://stockcharts.c...76430533176.png
from technical analysis millionaire...
http://stockcharts.c...76430533176.png
Edited by Russ, 13 August 2013 - 05:04 PM.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#8
SemiBizz
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Posted 13 August 2013 - 05:20 PM
Wasn't a horrible day for the gold contract as it ended inside the previous candle, finished near the low.
I suspect we will see a bounce here off this sideways pattern currently around 1320.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#9
gismeu
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Posted 15 August 2013 - 07:47 PM
Hi,
this is just a very simple EW count on a daily SLV chart.
http://i931.photobuc...zps75c56729.jpg
Let's see how wave 4 turns out, if there is one!
gis
P.S. The High on 8/15 was 22.38
this is just a very simple EW count on a daily SLV chart.
http://i931.photobuc...zps75c56729.jpg
Let's see how wave 4 turns out, if there is one!
gis
P.S. The High on 8/15 was 22.38
Edited by gismeu, 15 August 2013 - 07:48 PM.
If you can't buy Happiness, STEAL IT!
#10
dougie
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Posted 16 August 2013 - 01:41 PM
since we exceeded that 22.34 by a mile it appears that this 1.6 ratio is out?Hi,
this is just a very simple EW count on a daily SLV chart.
http://i931.photobuc...zps75c56729.jpg
Let's see how wave 4 turns out, if there is one!
gis
P.S. The High on 8/15 was 22.38
