1893 area on Gold "should" be resistance now...see what happens dead ahead...
the equinox marks the turn in the pm sector "a new leg higher"
#101
Posted 04 June 2021 - 10:37 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#102
Posted 04 June 2021 - 02:15 PM
i am on the buy side. as i believe the world is in deep financial trouble. and i dont think it will take as long as most think . by 25-27 we will hit bottom, and then try to find our way out of this
so,
while i see an abc down to yesterdays low, i suspect this correction is not over. the gold dsi was down 11 yesterday to 59 and silver to 55
so we are in middle grounds, not revealing anything. i think this needs to eat up more time. could be the cpi announcement on the 10th
or a week or so longer.
dharma
#103
Posted 05 June 2021 - 05:02 PM
Dharma, what does Captain Ewave's longterm count look like for gold(weekly chart)?
#104
Posted 06 June 2021 - 04:21 PM
Dharma, what does Captain Ewave's longterm count look like for gold(weekly chart)?
chax
this is his daily chart from the morning of june 4
https://captainewave...wjun421gold.png
https://captainewave.../ewjun421si.png
if wave 1 went from 252 to 1924
wave 3 cannot be the shortest wave
wave 2 ended at 1045 so i believe his projections are way too low.
just my 2c
i expect wave 5 to be an extension and huge price appreciation
open to all ideas
dharma
#105
Posted 06 June 2021 - 09:52 PM
Dharma, what does Captain Ewave's longterm count look like for gold(weekly chart)?
chax
this is his daily chart from the morning of june 4
https://captainewave...wjun421gold.png
https://captainewave.../ewjun421si.png
if wave 1 went from 252 to 1924
wave 3 cannot be the shortest wave
wave 2 ended at 1045 so i believe his projections are way too low.
just my 2c
i expect wave 5 to be an extension and huge price appreciation
open to all ideas
dharma
My thinking is still with the Captain on gold...
Although we have technically already nearly achieved the back test of the 200 day I would have been willing to bet big money on, I think it is reasonably likely we get a 2nd test, perhaps slightly lower than last week
and then....
Launch Mode ENGAGED
If gold takes out Friday's highs then possible that liftoff comes earlier, but still thinking mid-late June as most likely turning point...with momo just turned over, need just a bit of reset time methinks
Gold 5 min look could be the decider going forward...one more dip and then bust back through??
But a breach of 1893 area before then could signal no more downside.....
Edited by K Wave, 06 June 2021 - 09:56 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#106
Posted 06 June 2021 - 10:11 PM
Perhaps something along these lines on Gold hourly chart???
1840 area looks like magnet to me...that should then hold....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#107
Posted 07 June 2021 - 09:49 AM
kwave, its exactly what i am looking for same scenario. dont know if it will play out , but looking for a lower low 1853 is my big support then 1833 . 1853 is the mid point of this price cycle and i have lost count how many times 1850 has proved to be a significant pivot. the 10is when the cpi gets reported . and its also a solar eclipse . eclipses reveal things that are hidden from view. the lunar eclipse on the 26 of may revealed the fauci papers. i read where yellen said higher rates will be good for the country. i dont think the country can afford higher rates. mars has entered into cancer, vedic astrology, 6th house of usa . the house of enemies. mars is debilitated here , its weakest station. i think something happens to ignite oil prices. as i thought the equinox marked the turn i think the solstice will mark the turn for the run to higher gold prices so my dates are the 10 and 22-23 of june. i am enamored w/newfoundland . and w/good reason . i have 3 issues there that have been on a tear. i read a piece by shawn white where he thinks the new hot bed is newfoundland and he has shifted his interest there. i dont know what that means for whgof which if the pattern holds is likely to double over the summer. when drilling can occur in the yukon.
buckle up we are about to leave the station.
arms and legs inside the vehicle
dharma
Edited by dharma, 07 June 2021 - 09:50 AM.
#108
Posted 07 June 2021 - 10:25 AM
Dharma, what does Captain Ewave's longterm count look like for gold(weekly chart)?
chax
this is his daily chart from the morning of june 4
https://captainewave...wjun421gold.png
https://captainewave.../ewjun421si.png
if wave 1 went from 252 to 1924
wave 3 cannot be the shortest wave
wave 2 ended at 1045 so i believe his projections are way too low.
just my 2c
i expect wave 5 to be an extension and huge price appreciation
open to all ideas
dharma
Thanks Dharma. He actually posted his weekly stuff last night, so good timing on that if you wish to review it!
A couple of comments about eWave in general:
1) most Elliot wave forecasters only post their nearest targets, so it doesn't surprise me he has posted the smaller cycle projections - IE intermediate and cycle targets instead of grand cycle and super cycle targets etc. So you are correct to think that if his nearer term targets are hit, he is likely to project much, much higher.
2) most Elliot wave forecasters are posting only proposed structures, and they are open to new interpretations as new price information comes to light (I realize you probably know this, but its worth restating). So they may not even bother proposing we are in a wave 1 or 3 of the highest cycle time frames, because if we infact are in those waves, some of these lower cycle wave 3s and 5s will need to get hit to support that idea (so why even bother proposing it just yet).
Anyway, I will try to add some more thoughts to this later when I have some time!
#109
Posted 07 June 2021 - 10:41 AM
Thanks Dharma. He actually posted his weekly stuff last night, so good timing on that if you wish to review it!
A couple of comments about eWave in general:
1) most Elliot wave forecasters only post their nearest targets, so it doesn't surprise me he has posted the smaller cycle projections - IE intermediate and cycle targets instead of grand cycle and super cycle targets etc. So you are correct to think that if his nearer term targets are hit, he is likely to project much, much higher.
2) most Elliot wave forecasters are posting only proposed structures, and they are open to new interpretations as new price information comes to light (I realize you probably know this, but its worth restating). So they may not even bother proposing we are in a wave 1 or 3 of the highest cycle time frames, because if we infact are in those waves, some of these lower cycle wave 3s and 5s will need to get hit to support that idea (so why even bother proposing it just yet).
Anyway, I will try to add some more thoughts to this later when I have some time!
Ehh I tried to edit this too late, won't let me now. I misspoke a little bit and wanted to clarify. Regarding proposing higher time frames, they *WILL* propose that you are in a higher cycle time frame 1 or 3 or 5 wave, but they won't give upside projections for those higher time frames until the lower time frames start to fill in more clearly. The reason for this is, it is hard to say whether a wave count high or low is for certain the top of that specific wave. For example you might top out in a smaller degree wave 3 or bottom I a lower degree 4 and assuming those are higher degree lows or highs, will make for bad long term price projections. This is a better representation of their work, I think.
#110
Posted 07 June 2021 - 10:54 AM
chax this is from yesterday here are captain e waves weekly charts posted last night gold https://captainewave...wjun621gold.png+
silver https://captainewave.../ewjun621si.png+
gdx https://captainewave...ewjun621gdx.png+
and for interest oil https://captainewave...ewjun621oil.png+
dharma
i assume that is what you are referring to !?
Edited by dharma, 07 June 2021 - 10:54 AM.