Beiträge von birgit

    November 14 :


    Gold:


    Long Term Update:


    Gold was sharply higher this past week reaching a high of 1871.40, closing at 1868.50!


    All of wave -iii- ended at the 2089.20 high and our current preferred count is still suggesting that our lengthy wave -iv- bullish triangle is still underway.


    Within that triangle we completed wave .c. at 1675.90 low and we are now rallying in wave .d..
    Wave .d., looks to be turning into a 3 wave pattern as shown on our Daily Gold Chart, with all wave ^b^ ending at the 1721.10 low.


    We are rallying in wave ^c^ of *d*. Wave *d* cannot trade above the wave *b* high of 1919.20, otherwise we will adopt one of our alternate counts.


    Our retracement levels for all of wave -iv- are:


    23.6% = 1871.60;
    38.2% = 1737.00.


    This week we continued to march higher as broke after significant resistance at the 1835/1840 level and also breaking and closing above the major down trendline connecting 2089.40 and 1919.20.


    We broke above our head and shoulder bottoming formation neckline.


    It was a quite a bullish week for gold!!


    Our current wave ^c^ of .d. rally has become an impulsive sequence with all of wave $i$ ending at the 1815.50 high and all of wave $ii$ at the 1758.50 low.


    We are now rallying in wave $iii$ of ^c^, which has an initial projected endpoint of :


    $iii$ = 1.618$i$ = 1911.20.


    We still expect higher prices next week within wave $iii$.


    Alternate Count 1, in red on our Weekly Gold Chart, is that all of wave -iv- ended at the 1675.90 low, and in this case we are now rallying in wave *i* of -v-.


    Alternate Count 2, in purple on our Weekly Gold Chart, would be that all of our wave -iv- bullish triangle has ended at the 1721.10 low.


    Active Positions: Long with puts as stops!



    Grüße


    Der Captain am 29.08.21 :


    Long Term Update:

    Gold was higher this past week reaching a high of 1821.90, closing at 1819.50!


    We made a revision to our current longer-term count and now believe that all of wave -iii- ended at the 2089.20 high and that we are now falling in a lengthy wave -iv- bullish triangle.

    Within that triangle we completed wave *c* at 1675.90 low. If that is the case then we are now rallying in wave *d*.
    Wave *d* cannot trade above the wave *b* high of 1919.20. Our retracement levels for all of wave -iv- are:


    23.6% = 1871.60;
    38.2% = 1737.00.


    Of course this bullish triangle could also expand and extend, but one step at a time.


    We will update our Daily Gold Chart for tomorrow’s Morning Post.


    Active Positions: Long with puts as stops!


    Grüße


    August 16, morningpost :


    Short Term Update:


    Gold was sharply higher in Friday’s day session and that trend higher continued in the overnight session as we reached a high of 1784.30!

    We continue to work on our large wave .iv. of -iii- bullish triangle which is now expanding and extending. Within that triangle all of wave *c* ended at the 1675.90 low and we have started to rally higher in wave *d*.



    Remember that legs of triangle formation are full of overlapping waves, so the internal wave structure is sometimes difficult to analysis in real time.

    It is impossible to know how high wave *d* will go, but it should at least reach our upper red trendline of our triangle formation, which is around the 1860.00 level.


    It could go as high at the wave *b* high of 2089.20!


    After wave *d* ends we expect another drop in wave *e* to complete all of this large wave .iv. bullish triangle.


    Trading Recommendation: Long gold. Use puts as stops.



    Active Positions: We are long, with puts as stops!


    Grüße

    Mein Vorschlag zur Güte, Jamie Dinamo :


    Sollte das Gold das rote Dreieck demnächst nach unten durchbrechen, wird der Captain hier für immer schweigen.
    Sollte das Gold das rote Dreieck demnächst nach oben durchbrechen, schweigst Du hier für immer.


    Nimmst Du meinen Vorschlag an ?


    Hau´ rein Buddy.


    Grüße

    CaptainEwave am 12.08.21, morningpost :


    Short Term Update:

    Gold was higher in yesterday’s day session and that trend higher has continued in the overnight as we have reached a high of 1759.60!

    As you can see on our updated Daily Gold Chart, our large wave .iv. of -iii- bullish triangle is now expanding and extending. Within that triangle we are working on a complex wave *c*, which reached a low of 1675.90 in the panic crash last Sunday night.

    Our minimum target for completion of wave *c* is actually 1673.30, the low of the first corrective pattern within wave *c*. Considering the selloff occurred during the low volume electronic session it could be possible that all of wave *c* is complete as a failure low at the 1675.90 low.


    However we cannot rule out the possibility that gold is going to drop one more time to reach at least of 1673.30 low before all of wave *c* ends.

    We did manage to break and close above 1750.10 low which is suggesting that all of wave *c* is complete at the 1675.90 and that we are now starting to rally higher in wave *d*.

    We will see how this market trades today to see if we start to push higher above the 1750.10 low.


    On the Intraday Chart we currently only have a 3 wave rally in place from the 1675.90 low to the current high of 1759.60, which needs to become a 5 wave impulsive rally, otherwise we will be heading back to the 1673.30 low one more time before all of wave *c* ends.

    Wave *d* can rally as high at the wave *b* high of 2089.20 for this current large bullish triangle formation to remain valid.


    We also have a projection for the end of wave *c* as:


    ^c^ = ^a^ = 1668.40.


    Trading Recommendation: Long gold. Use puts as stops.

    Active Positions: We are long, with puts as stops!

    Grüße

    [/i]

    CaptainEwaves Short Term Update vom 09.08.21 :


    Gold was sharply lower in Friday’s day session and in the overnight session we initially collapsed in panic selling reaching a low of 1677.90. After that low was made we moved higher reaching a high of 1753.80!

    We suspect that we are still working on our very large wave .iv. of -iii- triangle but is expanding and extending.


    We will see how the charts look tomorrow, but it looks like all of wave *c* of .iv. may have ended at the overnight low of 1677.90.


    The potential head and shoulders bottom formation on our Daily Gold Chart has been eliminated.


    Trading Recommendation: Long gold. Use puts as stops.


    Grüße




    Daily Gold Chart vom Kontraindikator :


    https://captainewave.com/wp-co…2021/07/ewjul3021gold.png


    Short Term Update:


    Gold was higher in yesterday’s day session reaching a high of 1832.60.

    In the overnight session we moved sideways, in a corrective pattern, currently trading at the 1827.90 level!
    We are working on a very large wave .iv. of -iii- triangle that we assuming is complete at the 1750.10 low. If that is the case then we are now starting to move higher in wave .v., which should be a very sharp thrust. Our current projection for the end of all of wave .v. and -iii- is:


    -iii- = 4.25-i- = 2535.10.


    Within wave .v. we are starting to work on wave *i* and within wave *i* we think all of wave ^i^ ended at the 1835.00 high and we are now falling in wave ^ii^ which is also complete at the 1790.10 low.


    We are therefore starting to rally higher in wave ^iii^, which has an initial projection for its completion of:
    ^iii^ = 1.618^i^ = 1928.10.


    Next short term resistance is the 1835.00 high, which we should reach and likely breach today.
    Note the potential head and shoulders bottom formation on our Daily Gold Chart.


    Trading Recommendation: Long gold. Use puts as stops.

    Active Positions: We are long, with puts as stops!


    Grüße

    CaptainEwave am 20.07.21 :


    Short Term Update:
    Gold was lower higher in yesterday’s day session and that trend higher has continued in the overnight session as we have reached a high of 1824.10!
    We are now working on the assumption that all of wave (ii) is complete at the 1750.10 low and if that is the case we are now starting to rally higher in wave (iii). Our initial projection for the end of wave (iii) is:
    (iii) = 1.618(i) = 2148.00.
    On the Intraday Chart we appear to now have completed a small impulsive sequence from 1750.10 to 1835.00. We are now correcting that impulsive sequence and we have the following retracement levels for that correction:
    50% = 1792.40;
    61.8% = 1782.40.


    We reached a low of 1795.00 in this current correction, which is still a bit short of our 50% retracement level, so we cannot rule out another drop back to that level before this correction ends and we start to move higher again.
    Note the potential head and shoulders bottom formation on our Daily Gold Chart.


    Longer term our first projection for the end of wave ^iii^ is:
    ^iii^ = 1.618^i^ = 2687.80.
    Longer term our current projected endpoint for all of wave *iii* is:


    *iii* = 1.618*i* = 2306.30.
    We have higher projections also.
    Trading Recommendation: Long gold. Use puts as stops.

    Active Positions: We are long, with puts as stops!


    Grüße


    Short Term Update:
    Gold was initially higher in yesterday’s day session reaching ahigh of 1819.50, but after that high was made we moved lower reaching a low of 1794.20.

    In the overnight session we have moved sideways currently trading at the 1800.00 level.
    We continue to work on the assumption that all of wave (i) of ^iii^ is complete at the 1919.20 high and that we are now falling in wave (ii), which has the following last retracement level:
    78.6% = 1725.90.
    We have now exceeded our 61.8% retracement level so our last retracement level is 78.6%. We still need to be on guard for the completion of all of wave (ii), and start of a sharp wave (iii) rally.
    It is starting to look like all of wave (ii) is now complete at the 1750.10 low. We will provide our initial projection for the end of wave (iii) in the next day or so.


    Note the potential head and shoulders bottom formation on our Daily Gold Chart.
    Longer term our first projection for the end of wave ^iii^ is:
    ^iii^ = 1.618^i^ = 2687.80.
    Longer term our current projected endpoint for all of wave *iii* is:


    *iii* = 1.618*i* = 2306.30.
    We have higher projections also.
    Trading Recommendation: Long gold. Use puts as stops.

    Active Positions: We are long, with puts as stops!


    Grüße

    Apr 30 Gold Bob Hoye 321gold :



    "The optimum long-term buy continues to be on a deep correction around $1600, matching the corrective process in the decade long bull market of the 1970’s. However, a close in May over the April high would be enough to suggest that the market is prepared for its next leg to the upside into all-time highs."


    Grüße