Goldtent TA Paradise

Sam – HUI

1. Bikoo99 says:

   July 1, 2017 - 3:26 pm at 3:26 pm

   Green B wave can take many structures. That is why It is not easy to trade this wave.

   If I am alive I will short the PM sector at conclusion of Wave B (green) and ride it all the way well down below wave A.

   Is this B wave a cycle wave top or super cycle wave top?

   It appears it will take several years to complete.

   Thanks for sharing.

2. pedro_deleon says:

   July 1, 2017 - 3:38 pm at 3:38 pm

   “Is this B wave a cycle wave top or super cycle wave top?”

   B wave up is the middle leg of the cycle wave IV, as I have it. IV down started in 2011.
   C down after the B wave high could/should take as long as A down took (if not more) from 2011-15.

   No matter the actual degree here, we have an ABC down underway*** where fib proportionalities in time (and price) between A, B and C will matter. Timewise, I’m estimating 5-3-5 in years.

   EWers still differ in their counts at the 2011 high. I have that as 5 of III. (See my Keepers post for details. The Noughties bull was wave 5 in a move that began in 1970 with Nixon.)
   Dollar hyperinflation after C of IV (and perhaps a role for gold in a new monetary system) will trigger V up, in 6-7 years or so (plus or minus).

   ** Late followup edit — wave 4s can be even more maddening to trade than B waves.
   And while ABC down as zig zag is the most common … it could also be a triangle or combination corrective. But most everyone seems to be on some version of the ABC. Which may be a problem, right there.

   • Bikoo99 says:

     July 1, 2017 - 3:55 pm at 3:55 pm

     Thanks for response.

     That is exactly the way I understood Sam’s count.

     Elliottwavegold has the same wave count for gold on higher labeling. For gold 2011 high is 5 of III and ever since gold is correcting in wave IV.

   • Fullgoldcrown says:

     July 1, 2017 - 9:22 pm at 9:22 pm

     Holey Molars pedro….I can see…I can C….I actually understand this…its a miracle

     1970 to 2011 was a 5 wave completed EW pattern.

     2011 to 2016 was A down of the obligatory A B C correction

     2016 to 2019 will be the B Up of this correction and go to about $1500- $1600

     then 2019 to 2024 gold goes Cold and enters the “C” wave….and falls to depths previously considered blashphemous.(sp)

     The Good Princess Odd was right..I should have skipped Avi san and come to you.

     I can C…… I can C !

     🙂

     • pedro_deleon says:

       July 1, 2017 - 9:51 pm at 9:51 pm

       There’s hope for you yet Fully, apparently. Cheers and Happy Canada Day etc!

       Oh … and lets be clear … most of the credit should go to Sam. And others. I’m just the translator (and perhaps synthesizer) here. Sam dug up the old price history and charted it, and I tweaked it. Team effort for sure.

       • Fullgoldcrown says:

         July 1, 2017 - 10:35 pm at 10:35 pm

         Damn good translator if I can understand EW

         🙂

3. Odd Job says:

   July 1, 2017 - 4:45 pm at 4:45 pm

   Thanks Pedro now we are cooking 🙂

   Very similar to Fully’s chart last August. I am going to rename him Mystic Meg if this proves to be correct 🙂

4. Alex33 says:

   July 2, 2017 - 6:34 am at 6:34 am

   I believe watching gold markets next 2/3 years will be crucial, If we ho higher than 1500/1550 to maybe 1700/1900, then a new bull could start. I trust less EW counts , because they always adjust to new outcomes. Maybe we can throw in Hurst cycles too (see Hurst cycle forum), last October some analyst was bullish now they see gold to 1000$ before taking up.

   I prefer just to analyse charts and technical indicators, as long as gold looks fine on weekly/monthly time, then its ok for me, otherwise I am out completely.

   • Bikoo99 says:

     July 2, 2017 - 7:49 am at 7:49 am

     Hurst cycle is calling for gold to go higher!!!

     • Alex33 says:

       July 2, 2017 - 11:54 am at 11:54 am

       It depends however what input you are using. Maybe check hurst cycle forum, there are different interpretations and several are bearish. http://forum.hurstcycles.com/

5. Rmcalm says:

   July 2, 2017 - 9:31 am at 9:31 am

   Avi is very bullish and his projections are to da moon.. he is also a very skilled orator ha