Member
Posted 16 June 2021 - 02:49 PM
stepping back a bit to see exactly what we have here
the swaps were massively short coming into this meeting
1833 is where the present battle rages
1873,1853,1833 are key #s in this price cycle
1813 is the death zone for this price cycle
1793 begins this price cycle.
i believe once this correction bottoms we run alot higher
dharma
we shall see
Edited by dharma, 16 June 2021 - 02:50 PM.
Member
Posted 17 June 2021 - 07:23 AM
this turned out to be much worse than what I was looking for overnight....
unless we get a major reversal after the regular open, may not want to step in front of this....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 17 June 2021 - 07:50 AM
We'll see if gold's 62% retracement at 1770 holds.
Member
Posted 17 June 2021 - 09:38 AM
1793-1933 the whole price cycle has been retraced in 2 days
miners are making more money than ever even @1700 gold
dont fight city hall. the middle of the night snippers are back in force. its not like we havent seen this game before
i sit and wait it out. traders want to know , will basel 3 actually happen? will it happen june 30
2 rate hikes in 23 when the fed is already well behind the curve is no big deal. but dont tell that to the market
dharma
sitting and waiting . waiting.
Member
Posted 17 June 2021 - 10:00 AM
1850 area on Gold looks like the key level going forward....until bulls recover that, possible extreme danger short term.
when the market does not act as expected at key pivot point, often means something much different than expected going on.....
and thus far, this looking like a zag, when a zig was expected...
Silver breaching about 25.80 would likely be very No Bueno...see what happens here around 26....
Full back test of 19-20 area on Silver still in the cards if 26 gives way.....
careful out there....
Edited by K Wave, 17 June 2021 - 10:01 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
Member
Posted 17 June 2021 - 11:00 AM
1850 area on Gold looks like the key level going forward....until bulls recover that, possible extreme danger short term.
when the market does not act as expected at key pivot point, often means something much different than expected going on.....
and thus far, this looking like a zag, when a zig was expected...
Silver breaching about 25.80 would likely be very No Bueno...see what happens here around 26....
Full back test of 19-20 area on Silver still in the cards if 26 gives way.....
careful out there....
https://www.tradingv...com/x/ZsY4OLw7/
This is the last alternate count I have that allows bullish bias. Good confluence on the 1.618 C wave @ 1773, and wave 4 invalidation at 1760. But man this is a DEEP correction, starting to look mighty suspicious.
I don't have it marked but that would be a 5 waves of a larger degree III wave and this would be bottom of IV.
Edited by CHAx, 17 June 2021 - 11:04 AM.
Member
Posted 17 June 2021 - 11:05 AM
Palladium...wow....looks like speculation coming out big time...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 17 June 2021 - 11:08 AM
That looks like extremely No Bueno Candle Combo on PA....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 17 June 2021 - 11:17 AM
1850 area on Gold looks like the key level going forward....until bulls recover that, possible extreme danger short term.
when the market does not act as expected at key pivot point, often means something much different than expected going on.....
and thus far, this looking like a zag, when a zig was expected...
Silver breaching about 25.80 would likely be very No Bueno...see what happens here around 26....
Full back test of 19-20 area on Silver still in the cards if 26 gives way.....
careful out there....
https://www.tradingv...com/x/ZsY4OLw7/
This is the last alternate count I have that allows bullish bias. Good confluence on the 1.618 C wave @ 1773, and wave 4 invalidation at 1760. But man this is a DEEP correction, starting to look mighty suspicious.
I don't have it marked but that would be a 5 waves of a larger degree III wave and this would be bottom of IV.
UUFF I'm definitely tired. Not enough sleep. That wave IV invalidation is off the wrong wave lmao. Just ignore it. The 1.618 is correct though.
Member
Posted 17 June 2021 - 11:18 AM
Palladium...wow....looks like speculation coming out big time...
A few days ago I read about China making it illegal to speculate in foreign futures commodity markets. Looks like Asian unwind. I've been wondering why the Hong Kong open has had massive indiscriminate selling everyday in copper and silver. Now I know why.
Its old news, but I think the banks didn't enact the changes immediately.
https://www.reuters....ers-2021-05-26/
Edited by CHAx, 17 June 2021 - 11:21 AM.
