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


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#1431 gannman

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Posted 20 October 2021 - 03:49 AM

i was looking at gdx and something was bothering me. think i figured it out . the actual elliott bottom on gdx came in 

 

on oct 11 at the close the elliot bottom was NOT on 9/29 . 9/29 was the actual low . 10/11 was the elliot low .  that makes sense to me the wave from oct 11 looks 

 

impulsive so we will see. 


feeling mellow with the yellow metal


#1432 K Wave

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Posted 20 October 2021 - 06:47 AM

Gold taking another crack at 1780...

 

If GLD can just clear and hold 166.50 area, I think bulls have a real shot at turning the chart around...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1433 K Wave

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Posted 20 October 2021 - 07:06 AM

Looking like huge pivot still holding on Gold Euro

 

One more trip over 1540 might finally set the bulls free.

 

Back below 1520 no bueno.

 

 

 

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The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1434 K Wave

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Posted 20 October 2021 - 07:11 AM

Gold GBP reclaims 1290 pivot...

 

If it can now clear 1300, we could have big stick save on 4 hour chart....

 

xg.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1435 K Wave

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Posted 20 October 2021 - 07:13 AM

Gold USD 4 hour still looking like it is ALL about 1800....

 

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The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1436 K Wave

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Posted 20 October 2021 - 07:17 AM

Silver peeking over 24...let's see if bulls can reclaim this key level today....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1437 K Wave

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Posted 20 October 2021 - 07:26 AM

Gold already peeking above 60 min line..

 

If it can also get a 2nd close above the 2 hour line soon, odds of breakthrough go way up on a 2nd penetration....

 

Possible we could see a clean sweep of Intermediate time frames if Gold can get some legs here today...

 

Yesterday's swing low MUST hold now....

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Edited by K Wave, 20 October 2021 - 07:27 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

 

 


#1438 K Wave

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Posted 20 October 2021 - 07:44 AM

Gold hourly starting to look like possible For Real breakout......

 

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Edited by K Wave, 20 October 2021 - 07:45 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

 

 


#1439 K Wave

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Posted 20 October 2021 - 07:53 AM

Silver hourly still has a nice bullish look to it since the launch on Monday night....

 

si.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1440 K Wave

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Posted 20 October 2021 - 07:56 AM

GLD all hours chart...

 

Staring to look like bulls mean business today after the false start yesterday....

 

That is now looking like a fully completed transition back into bull mode on the 15 min chart

 

gld.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy