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the equinox marks the turn in the pm sector "a new leg higher"


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#1081 K Wave

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Posted 23 September 2021 - 07:56 AM

Starting to look like all those resistance time frames bundled up together too overwhelming for bulls on GOLD EURO

 

Hourly now rolling back over after some ugly bear spikes at resistance....

 

Until 1520 reclaimed, bulls now in grave danger....

 

xe.png



#1082 K Wave

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Posted 23 September 2021 - 08:05 AM

Same on Gold EURO with ugly looking spikes at the much longer 3 hour time frame...

 

Until those are overcome, bears still in control and could be about to start getting vicious....

 

Ye have been warned....

 

go.png


Edited by K Wave, 23 September 2021 - 08:07 AM.


#1083 K Wave

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Posted 23 September 2021 - 08:10 AM

GOLD USD 4 hour.....that spike at the crossing over 200 is likely for all the marbles intermediate term....

 

Bears have control, and may starts to accelerate their advance dead ahead...

 

go.png



#1084 K Wave

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Posted 23 September 2021 - 08:38 AM

As usual, it is all about knowing where things are "likely" to happen....

 

4 hour GLD now looking potentially very dangerous after that reversal at underside of 4 hour 900...

 

If bulls somehow recover that pivot, would "likely" be very bullish, but still do not think it is "likely" any time soon

 

gld.png


Edited by K Wave, 23 September 2021 - 08:39 AM.


#1085 linrom1

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Posted 23 September 2021 - 09:01 AM

 

Maybe something like this?



#1086 K Wave

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Posted 23 September 2021 - 09:20 AM

Gold 1750 level being attacked one more time...

 

If bulls are going to pull off a miracle save, would need to happen right about here.

 

A daily close under 1750 could be disastrous.



#1087 K Wave

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Posted 23 September 2021 - 01:42 PM

Bulls not letting 1750 go without a fight.....



#1088 K Wave

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Posted 23 September 2021 - 02:41 PM

Looking to me like either bears drop it hard overnight/tomorrrow or bulls still have a legitimate shot at a massive stick save...

 

See what happens dead ahead....



#1089 K Wave

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Posted 23 September 2021 - 03:38 PM

that didn't take long.



#1090 K Wave

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Posted 23 September 2021 - 10:24 PM

Gold coming up for backtest of 1750...what happens next could be the big tell....