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gld my take


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#1 gannman

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Posted 03 March 2017 - 09:59 PM

i believe gld started an abc correction on feb 8

 

it looks to me like we are in the c wave now and we need another shot down to retest that low at

 

116.44 then i think we see a real impressive rally all fwiw just my take 


feeling mellow with the yellow metal


#2 AChartist

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Posted 03 March 2017 - 10:53 PM

The weekly cycle has good potential, its real close on the support line in $gold.

 

The daily has a minor low cycle next week that hit every time, doesnt have to repeat either cycle will do that and skip.

 

So it could pound on a support line one more week, The weekly low due next week is 6 weeks, 30 days, it doesnt

 

necessarily repeat. The hidden weekly support line is about 1220+ so take a close below 1220 more seriously.

 

the daily low cycle is 26 days with the 132 day already up well and that could allow an early low now.

 

The last low bottomed and finished some cycle lows, the next turn-up will lock in two more and really the

 

last two points of weakness maybe allowing the nice 30 week rally I'm looking for.

 

If my 30 wk rally is correct it would have to be finishing a running correction with higher B wave here allowing the 3 of 3.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#3 johngeorge

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Posted 13 March 2017 - 08:21 AM

Bob Hoye on March 7th says good chance the low for gold is in:

 

http://www.321gold.c.../hoye031317.pdf


Peace
johngeorge

#4 gannman

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Posted 14 March 2017 - 12:25 AM

it is close imo


feeling mellow with the yellow metal