4036 replies to this topic

[gannman]

once the hui exceeds 212 the correction should be over

 

just my take 

[gannman]

bought some gld here fwiw 

[Smithy]

Kinda looking like  gold might have completed wave 4 on the 4 hour spot gold chart

[linrom1]

Kinda looking like  gold might have completed wave 4 on the 4 hour spot gold chart

It's possible, but that would mean that it almost went beyond wave 1.

 

Edited by linrom1, 03 August 2022 - 03:02 PM.

[dougie]

 

Kinda looking like  gold might have completed wave 4 on the 4 hour spot gold chart

It's possible, but that would mean that it almost went beyond wave 1.

 

 

almost but not quite: still valid count

[Smithy]

I chart spot gold, not active futures, as I find the decay with futures distorts the price and spot is more accurate, in my experience.

[jabat]

By Avi

The drop off this week's high thus far is looking like a 3-wave decline.  Therefore, if GDX is able to break back out over this week's high, then I may be more amenable to viewing it as having bottomed, and rallying in the 3rd wave of wave 1.  In other words, a break back out over this week's high can see a catch up move in GDX and see it potentially lead until all 3 charts complete their respective 5-waves up off the recent lows.  But, remember, that also means that as long as we remain below this week's high, I see potential for a lower low still before this downside is done.

[dougie]

 

By Avi

The drop off this week's high thus far is looking like a 3-wave decline.  Therefore, if GDX is able to break back out over this week's high, then I may be more amenable to viewing it as having bottomed, and rallying in the 3rd wave of wave 1.  In other words, a break back out over this week's high can see a catch up move in GDX and see it potentially lead until all 3 charts complete their respective 5-waves up off the recent lows.  But, remember, that also means that as long as we remain below this week's high, I see potential for a lower low still before this downside is done.

 

makes sense

[Smithy]

"....   Kinda looking like  gold might have completed wave 4 on the 4 hour spot gold chart   "

-------------------------

Wave 5 on the hourly spot gold chart underway,  n'est pas?

Edited by Smithy, 04 August 2022 - 07:10 AM.

[Smithy]

Manfred Zimmel's 6 year version of the geo Bradley tops out for the year on August 17th,

 

Anyone have an annual Bradley chart for this or next year?