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


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#1481 Smithy

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Posted 22 October 2021 - 07:48 AM

10-22-21-USD-gold.jpg



#1482 K Wave

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Posted 22 October 2021 - 07:53 AM

LOL...we can only hope that one day the WEEKLY chart of Gold looks something like the 1-MINUTE of Trump's new Company...

 

dwac.png



#1483 K Wave

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Posted 22 October 2021 - 08:04 AM

1800+  this could be it...and could get wild with the pressure release



#1484 K Wave

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Posted 22 October 2021 - 08:22 AM

Gold Euro 4 hour...

 

Just need that 200 to turn up and start separating from the 900, and we most likely have big intermediate term move up getting under way....

 

Bulls need to keep pushing for just a bit longer to seal the deal....

 

xe.png


Edited by K Wave, 22 October 2021 - 08:23 AM.


#1485 CHAx

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Posted 22 October 2021 - 08:29 AM

Gold Euro 4 hour...

 

Just need that 200 to turn up and start separating from the 900, and we most likely have big intermediate term move up getting under way....

 

Bulls need to keep pushing for just a bit longer to seal the deal....

 

xe.png

We are going to gap the oct 14th island top on GLD.  A very good start!


Edited by CHAx, 22 October 2021 - 08:32 AM.


#1486 linrom1

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Posted 22 October 2021 - 08:48 AM

 

This might show completed wave structure, but, as Kristin Hersh of the Throwing Muses would say "I have no idea."



#1487 linrom1

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Posted 22 October 2021 - 09:01 AM

 

Relabel chart above.



#1488 K Wave

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Posted 22 October 2021 - 09:06 AM

As I said earlier, very good possibility that GDXJ would make the air gap run to the hourly 900...almost there....

 

"Could" see corrective wave start there...but do not be surprised if it blows on through if we get full pressure release upside in Gold...

 

Most likely we get at least a pause there...

 

gdxj.png

 



#1489 CHAx

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Posted 22 October 2021 - 09:31 AM

You have to admit- something has changed this week.   Hong Kong and Europe are no longer sellers (which they were for the entire summer), only New York selling now (with the exception of today).  Look where all the slam downs are occurring (6-9am)  and look at how late afternoon sessions are being bought and the dips are bought all the way into the European open as well.  All summer long it was the opposite.  They sold afternoons and the overnight sessions.

 

Im really hoping this change sticks, makes trading a hell of a lot easier!



#1490 linrom1

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Posted 22 October 2021 - 10:18 AM

Down goes Fraser!