would not be surprised to see one more 4/5 subdivision in gold/silver Sunday night into Monday, if it happens could very well be the end of the correction "if" a bullish outcomes is going to occur which I still favor is the case, we see
Senor
THE PRIMARY WAVE THREE thread and finding the Intermediate wave TWO corrective low
Started by
senorBS
, Mar 05 2021 02:27 PM
2512 replies to this topic
#1792
Smithy
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Posted 27 June 2021 - 02:17 PM
Looks good to me. I have the trend line from 3/26/20 $1451 and 3/30/21 $1,678 hitting tomorrow Monday at $1732 and rising at $0.60 / day.
#1793
senorBS
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Posted 28 June 2021 - 08:03 AM
Perhaps a do or die day for my longs, bot some HL pre-market at 7.56 and some GDXJ pre at 57.08, will have a relatively quick trigger here, as always DYODD
Senor
#1794
senorBS
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Posted 28 June 2021 - 08:29 AM
Perhaps a do or die day for my longs, bot some HL pre-market at 7.56 and some GDXJ pre at 57.08, will have a relatively quick trigger here, as always DYODD
Senor
Lets see if we can get a "flattish" start and then rally instead of the gap up and die's we saw last week! Like the "potential" here but gotta start moving IMO
Senor
#1795
Smithy
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Posted 28 June 2021 - 09:07 AM
An alternative to DBA is ADM
#1796
CHAx
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Posted 28 June 2021 - 10:12 AM
Perhaps a do or die day for my longs, bot some HL pre-market at 7.56 and some GDXJ pre at 57.08, will have a relatively quick trigger here, as always DYODD
Senor
Lets see if we can get a "flattish" start and then rally instead of the gap up and die's we saw last week! Like the "potential" here but gotta start moving IMO
Senor
They might flip the script today. There was a small bear trap at 11am eastern where most of the selloffs have been occurring the last week or so. *IF* they can rally into noon eastern and the asian/Euro session go well, we might get a ST (or possibly an IT) low in here. A lot of things need to go right, however. There just isn't much wiggle room for selloffs from here that don't lead us to 1720-1730 area.
Edited by CHAx, 28 June 2021 - 10:14 AM.
#1797
senorBS
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Posted 28 June 2021 - 11:36 AM
interesting that HUI/Gold ratio RSI (9 bar) is "currently" at or just below the extreme reached in March 2020, 14 bar RSI is getting close to the extreme low reached on Mar 2020 - how extreme does it get?
Senor
#1798
dougie
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Posted 28 June 2021 - 11:52 AM
interesting that HUI/Gold ratio RSI (9 bar) is "currently" at or just below the extreme reached in March 2020, 14 bar RSI is getting close to the extreme low reached on Mar 2020 - how extreme does it get?
Senor
i dont want to know!
#1799
senorBS
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Posted 28 June 2021 - 04:31 PM
Gotta wonder if gold and silver are nearing the end of 4th wave (of C) contracting triangles and one more thrust down to a new low (1740-1760?) then completes the larger ABC downside pattern - seems valid at this time. A thrust down would be expected to begin soon if this is the correct count. A rally above 1795 likely invalidate this near term bearish count, we see
Senor
#1800
dougie
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Posted 28 June 2021 - 08:18 PM
Gotta wonder if gold and silver are nearing the end of 4th wave (of C) contracting triangles and one more thrust down to a new low (1740-1760?) then completes the larger ABC downside pattern - seems valid at this time. A thrust down would be expected to begin soon if this is the correct count. A rally above 1795 likely invalidate this near term bearish count, we see
Senor
like that
