Does this pullback look about done or do we need another $ 10.00 down ? it looks like there is better support just below 1180.
Opinion
#1
Posted 26 January 2017 - 02:41 PM
#2
Posted 27 January 2017 - 01:24 AM
#3
Posted 27 January 2017 - 08:33 AM
gold overnight pretty much hit its 38% retracement, so it could be ending, lets see if that area holds
Senor
#4
Posted 27 January 2017 - 12:43 PM
gold overnight pretty much hit its 38% retracement, so it could be ending, lets see if that area holds
Senor
bought a small a small amount of GDX this AM....
#5
Posted 27 January 2017 - 01:06 PM
wave 3 underway?
"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/
#6
Posted 27 January 2017 - 02:22 PM
unfortunately i am not smart enough to know that...
#7
Posted 27 January 2017 - 03:14 PM
Gold, GLD, GDX, & GDXJ and @SI all hit a variety of price targets this am and @GC appeared to have completed a 5 wave C wave of an a-b-c retrace leg. While it could just be a bounce in a longer minor 2 corrective wave, it could also be the end of minor Wave 2 within an intermediate wave 3 or C that follows the end of Intermediate Wave 2 in @GC in Dec. 2016. My count is that we've been in a compound WXY corrective wave since what I count as the top of Minor Wave 1 on Jan 12 in @GC. There was a TDSEQ 13 buy signal @ the 2am CST hourly bar at numerous key fib retracements and extensions.
Edited by Geomean, 27 January 2017 - 03:16 PM.
#8
Posted 27 January 2017 - 04:36 PM
Gold, GLD, GDX, & GDXJ and @SI all hit a variety of price targets this am and @GC appeared to have completed a 5 wave C wave of an a-b-c retrace leg. While it could just be a bounce in a longer minor 2 corrective wave, it could also be the end of minor Wave 2 within an intermediate wave 3 or C that follows the end of Intermediate Wave 2 in @GC in Dec. 2016. My count is that we've been in a compound WXY corrective wave since what I count as the top of Minor Wave 1 on Jan 12 in @GC. There was a TDSEQ 13 buy signal @ the 2am CST hourly bar at numerous key fib retracements and extensions.
That all sounds assuring for the bulls, thanks. My XAU chart created last summer showed the low in mid dec perfectly, it is now pointing at early March for the end of this rally, so then some correction into spring is most likely. This recent weakness just strengthened the signal for a high in early march.
"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/
#9
Posted 31 January 2017 - 07:36 AM
Does this pullback look about done or do we need another $ 10.00 down ? it looks like there is better support just below 1180.
Looks like we have our answer now we watch to see if it acts like a THIRD Wave..