Goldtent TA Paradise

$GOLD Weekly

1. Noman says:

   August 10, 2021 - 5:45 pm at 5:45 pm

   You posted your chart at the same time I posted below! It does look like 2013.

2. Noman says:

   August 10, 2021 - 5:55 pm at 5:55 pm

   I also believe elliott wave is bullshit.

3. Chartsmaster says:

   August 10, 2021 - 6:05 pm at 6:05 pm

   The top you show in 2012 was after a ten year bull market. The 2020 bull market lasted only one yr. (so far) Difference between night and day and I agree with Sir Noman about EW.

4. Fullgoldcrown says:

   August 10, 2021 - 8:18 pm at 8:18 pm

   Have to admit Foxy…that is uncanny

5. pedro_deleon says:

   August 10, 2021 - 9:20 pm at 9:20 pm

   “I also believe elliott wave is bullshit.”

   Your loss and I don’t care. Its basically Human Psychology married to Fibonacci.
   They BOTH lead to quantitative inferences.
   But EW is not deterministic but probabilistic. And it is a bitch to master. Which is why I rely on others rather than attempt it myself. (But I do make efforts to VALIDATE others’ calls using my own tools.)

   But for the record … I mapped this bear path out in 2015. Right here.
   I assumed the zig zag was the right call for Cycle IV, but noted alternatives.
   Could see complex corrective or triangle. Taverna’s call (posted on Sunday) was for the triangle.
   If we get the zig zag, then C=A, meaning 1200 ish for the next low, whatever you get when you subtract $878 off last year’s highs. Triangle means the lows were in back in 2015 but this drags out.

   PS — EW still has gold in a bull market, speaking in GENERATIONAL TERMS, as waves up remain. They just won’t arrive anytime soon. But for me, this is bear correction, continuing from 2011. Meaning the above chart is NOT ACADEMIC, or a parallel, its a resumption of what began in 2011.