1292 replies to this topic

[dougie]

thanks for sharing Russ.

[stubaby]

Looking at the Gold in Yuan chart, it has clearly done an ABC but instead of breaking out it is rolling over which implies there is probably going to be and E.

 

Thanks Russ - good eye

[Russ]

 

Looking at the Gold in Yuan chart, it has clearly done an ABC but instead of breaking out it is rolling over which implies there is probably going to be and E.

 

Thanks Russ - good eye

 

Thanks Dougie and Stu, that being said I am quite aware that Gold in US dollars is sitting right on the edge of breaking out tonight, 

my oscillator is pointing at a late Nov or even early Dec low but I am fully prepared for the projection to be wrong despite the Yuan chart. If gold blasts though the upper resistance line I will start buying if it stays above that line. The turquoise horizontal line is the 2011 high btw, same as on older charts. Gold is going to break soon, up or down. I also notice that the US dollar gold chart and the Yuan chart has gone above wave 1 which as Dougie has pointed out numerous times is a violation of elliot wave theory if there is going to be an E wave, so I am prepared to be wrong if it breaks to the upside. The lower chart argues bullish case.     

[Russ]

This chart of Gold in Yuan has line drawn very tightly, (these are fixed point (magnet mode) trendlines, they are very accurate)

 

These lines show Gold in Yuan is very close to the breakout trends, so as I said we must be prepared for gold breaking out as Ganman  has been predicting, my oscillator could be wrong, it has happened before.  

Edited by Russ, 20 October 2020 - 11:13 PM.

[Russ]

Eric Hadik may turn out to be correct with his prediction for Sept. 2020....

 

Gold correction near 1790/GCZ (off by about 50 dollars), intermediate low on Sept. 25 - Oct. 2 , then a major peak second quarter 2021.

[senorBS]

SILJ clearly looks headed up in a likely large leg higher, now within 20-25 cents of the Oct 14 rally high, that IMO makes it likely the whole sector is headed higher

 

Senor

[gannman]

time segmented volume on gld looks good 

[dougie]

fascinating action here IMO

Big picture it is hard to see how things are not fundamentally bullish but i have to think we get one more swoosh down to scare the crap outta new bulls

[dougie]

copper breaking out?

[dougie]

http://schrts.co/CFipEuie

Edited by dougie, 22 October 2020 - 01:36 PM.