977 replies to this topic

[dharma]

seasonal charts https://seasonalchar...ssics_gold.html

calling for a correction 

dharma

[ryanoo]

Sox/gold ratio
https://www.tradingv...ve-doesn-t-lie/

[gannman]

i have a buy signal generated in the hui today this thing is headed higher

[opinionated]

No matter how I try I can't get my head off of the bear trade, at least for now. We did hit my 1466 target from 1540 so I should be leaning bullish transition.  But something does not feel right, it is like Gold is waiting/ready for a news event to suddenly surge past 1550 onwards to 1650 which is my eventual outcome. But not now,  Not for at least a couple of weeks.

 

BUT TWT and I hope it does break higher as some/most here have long positions.  And I personally do not have a dog in the fight.   

[hhh]

Thanks for the Gann info dharma. I tried to send this as a "message" so as not to clutter the thread, but it didn't allow it.

hhh ganns company ...

[ryanoo]

Sox/gold ratio
https://www.tradingv...ve-doesn-t-lie/

SPX/XAU

[opinionated]

What can you possibly see bullish on that chart?

[opinionated]

I spent alot of time last night looking at some of my forgotten indicators, then over lapping time/cycles. Unless there is a major news event I see nothing telling me we are going past 1520-25 the best outcome in my mind is waiting an playing the bounce off of 1470-75 on the retest. At that point there is hope for the bulls back to 1520 If that test holds. I see range bound in the next two weeks. On any strength Monday I will take a short position looking for that test.

Good trades my friends

[senorBS]

I spent alot of time last night looking at some of my forgotten indicators, then over lapping time/cycles. Unless there is a major news event I see nothing telling me we are going past 1520-25 the best outcome in my mind is waiting an playing the bounce off of 1470-75 on the retest. At that point there is hope for the bulls back to 1520 If that test holds. I see range bound in the next two weeks. On any strength Monday I will take a short position looking for that test.

Good trades my friends

There is IMO a very bullish "possible" count here but it "should" see gold blast thru 1520-1530 early next week "if" it is going to play out as I see it now. The alternate count I would have is that we've done an ABC decline down to this weeks low near 1460, this is a X wave rally (more upside to go), and when done modestly we do another abc down modestly below 1459 to complete a double zigzag correction. "Right now" I like the chances for the immediate bullish outcome but I remain flexible

 

Senor

[opinionated]

This is my biggest problem with elliot, you have so may projections... so many what if's and if this happens then it must be this other count. Alot follow it but anyone I have ever followed has a less than 50% win rate IF you do not allow the what if's, could be's and just give a call and stick to it. Not knocking anyones TA but it is beyond me how anyone can make a dime with all the excuses when a projection is wrong. I stand by my TA that we retest the bottom around 1470 next. PERIOD... No unlesses... an what if's just target and stop. Personally gibberish but no personal disrespect meant. Maybe as a IT position trader it allows for all the what if's an excuses but I know from experience it is a big money pit for a ST swing trader.