In the gold market, the most commonly extended wave is wave 5. IMHO this chart most accurately gives a path.
Chart pattern on weekly. I really like using higher time frames.
DXY ( U.S. Dollar Index)
交易進行
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$ 2100
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We will see!
交易進行
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Short term:
No comment
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Medium-term:
This market needs a correction (no new bad news!)
Wave c = 123.6% of wave a
交易進行
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Gold- update
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We will see
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Gold- energy never lies
I am out
good luck
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Gold- Energy never lies
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Gold- Update
Target = $ 2200
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Gold
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Gold- Wave C > 0.618 of Wave B Target = $ 2200
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Gold
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Gold
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Gold- they are scrambling
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Gold Pump- Dump !
This can only mean one thing:
This Is the End
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Gold
Pump- Dump
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Gold Pump-Dump!
Did they run out of money?
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Gold - This Is the End
2012 (-45%)
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Gold- Update
-6.70%
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Gold- it's a trap
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For Sale :)
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Gold- Biden
a neutral signal to the market
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Gold- Update
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Gold
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Gold- I am still in cash & will not buy
good luck
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It's your last chance
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Gold- it could turn into a bloodbath
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No reason to cut
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Gold- Who drew this?
Bull?
No!
The Federal Open Market Committee (FOMC)
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Who drew this?
DXY (bullish) <-------> gold (Bullish) 👌 👏
Powell 👏 👏
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Gold- it could turn into a bloodbath
Update
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Gold- no reason to cut
Fed:
DEC 13 2023 ---> three cuts coming in 2024
MAY 25 2024 ---> Fed probably won’t be delivering any interest rate cuts this summer
JUN 12 2024 ---> only one cut coming this year
For the same reason
no reason to cut
****
Gold rises with U.S rate cut optimism
A failed breakout = a bloodbath
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Gold
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Gold
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Expect a Fed rate cut in September ... Fed rate cuts could start in July ... only one cut coming this year ... Fed rate cuts, Fed rate cuts, Fed rate cuts ...
I do me you do you, so, I will not even try to bother explaining your falsely ...
so long and goodbye
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Trader asked:
"Does it mean to buy gold? I don't understand. Please help"
My reply:
a- a lot of technical traders will sell b-What does "So Long" mean? a warm way to say farewell (so long = goodbye)
;)
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Jul 17, Comment:
Gold- no reason to cut
Fed:
DEC 13 2023 ---> three cuts coming in 2024
MAY 25 2024 ---> Fed probably won’t be delivering any interest rate cuts this summer
JUN 12 2024 ---> only one cut coming this year
Gold- Fed Holds Interest Rates Unchanged
Unchanged Unchanged Unchanged :)))
you can not find a reason to try
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Jul 17, Comment: Gold- no reason to cut
I was right
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:D
good luck :)
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Gold
Fed rate-cut hopes = dead wood
But
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(what concerns me is ...)
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Gold-
a full-scale war = Democrats will lose the White House
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Gold
the answer is yes
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Gold- I see two possibilities
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Volatility S&P 500 Index
+47%
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It's so dangerous to short Gold right now
It's so dangerous to long Gold right now
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Trader asked:
According to this drop, is 2600 or 2520 possible or has the drop started?
My reply:
There's no war yet
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Gold
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Gold
a-
b- Plan B (if there is a war)
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Gold- Biden says he hopes .... but "I don't know"
***
I will be unavailable until Aug 9, 2024
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Gold (investors await Iran's response to ...)
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Gold- Platz der Republik is a square in Berlin
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Gold-
"Ukraine (US, Germany, European Union) enters new phase of war", we are all aware of this important fact!
This ain't good, this ain't good at all, this can only mean one thing:
Russia could use nuclear weapons
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Gold-
(July 12, 2024) The German government ...
(Aug 14, 2024) US government moves 10,000 Bitcoin
why they need cash "now" ...
This ain't good
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Gold- Target (Short-term) = $ 2450
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Gold- Short term: Bullish
Calculate the difference between 2 dates
July 31, 2024 (Killing of Ismail Haniyeh)
Aug 14, 2024
good luck
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Gold-
so what?!
He hasn't said "anything new" since December 2023 !!!
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Gold-update
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Gold ;)
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Gold- Aug 9, 2024, Ukraine's incursion into Russia
Update: Aug 30, 2024
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Gold- Fed rate-cut ... (Aug 30, 2024- the time has come)
See You on 18 September
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Gold- Update ($ 2566)
Short term (to be honest!) ----> technical analysis doesn't work
the reason technical analysis doesn't work
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Gold- (short term) News
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Gold- you see what you see ;)
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Gold- Update
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Gold- Update
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Gold- Update ;)
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Gold-
what I expected (Aug 4, 2024) :
what actually happened:
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Gold- You see what you want to see ;)
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Gold- Update
交易結束:目標達成
Gold- Jan 13, 2025 comment
Update
******
now
where do we go from here ?
Long term overview (Update)
Trade active
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Gold- Trade active
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Gold- technical analysis
where's the top?
(decision point =$ 2885)
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Gold
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Gold- have a look
RSI (monthly time frame) = 78.91
****
I sold at $2880
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Gold- Short
Structure = Flat (Wave C)
Wave C = 100%, or 123.6% of Wave B
Target= $ 2833
Sell Signal = $ 2820 (I'm looking for a test (and a Re-test) of the 2820 level)
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Gold-
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Gold-
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Gold- United States Wages ...
back in 2000, the minimum wage was 256 ounces of gold per year
2011 ----> the minimum wage was 43 ounces of gold per year
2024 ----> the minimum wage was 27 ounces of gold per year
workers have lost purchasing power
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Gold-
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Gold-
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Gold- a short-term top is in place
-2%
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Gold
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Gold- Short term
short
Target (Support) = $ 2855
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Gold- The 2016-2025 Bull Market
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Gold- short term
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Gold
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Gold
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Gold- No comment!
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Gold
(decision point =$ 2931)
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Gold- Update
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Gold- Update
Short term
Is a double top forming?
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Time will tell the tale
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Gold- Red Flag (overbought condition)
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Gold
We will see !
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Gold- the poison will take time to take effect
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Gold- fundamental
Trump said he believed he had the power to end the war in Ukraine, "but today I heard, ‘Oh, well, we weren’t invited.’ Well, you’ve been there for three years.”