5809 replies to this topic

[K Wave]

15 min PL...now or never....

 

[dougie]

 

Welcome back K-Wave and thank you for the great post and also to you Russ

Yes agree, K Wave is great.  I have sold my NUGT at $39.09 now, I don't like what I am seeing, gold is forming a doji star.. deadly doji. I may be wrong but I have booked a good profit. Will look for another entry. 

 

good call IMO

this all can still be late wave iv of ending diagonal in gold with MUCH lower targets. not my favoured but alive and well

[Russ]

 

 

Welcome back K-Wave and thank you for the great post and also to you Russ

Yes agree, K Wave is great.  I have sold my NUGT at $39.09 now, I don't like what I am seeing, gold is forming a doji star.. deadly doji. I may be wrong but I have booked a good profit. Will look for another entry. 

 

good call IMO

this all can still be late wave iv of ending diagonal in gold with MUCH lower targets. not my favoured but alive and well

Armstrong is talking about several targets around April 10 and the week of the 17th, a high then would imply a June low which gold quite often goes down into and he pointed out it has not broken out yet, it needs to break above the turquoise line on my chart. Last weeks weekly candle is huge and long bars like that are usually tested. We seem to have lost Senor for some reason, sorry to see him off the board.   

[dougie]

yeah not sure where senor went to.Perhaps stacking his bars on some remote Island

[dharma]

i dont think we lost him , he seemed firm in his conviction based, on a 5 wave up wave that gold was in a bull market and he wasnt going to be involved in all the chatter.  

FWiw  i think we are in a bullish stance , which may take more time to play out.    The long cycles bottom late 23 or early 24 .  But the system is more and more unstable 

be prepared for the unexpected

dharma

[K Wave]

PL not able to get through

 

If it does not get through after Fed tomorrow..then bulls not free just yet....

 

[K Wave]

Bears still holding their last line of defense on Silver as well...

 

[K Wave]

wrong board

Edited by K Wave, 21 March 2023 - 10:40 AM.

[dougie]

todays action not bullish IMo

 lends credence to gold being in or just finished  a iv of ending diagnal down with new lows to come.

alternatively this up was not a iv but a i

[Russ]

 

Edited by Russ, 21 March 2023 - 01:53 PM.