I continue looking at the red count from former charts, that sees a ((i)) and ((ii)) in place and changed the colour to black, because I now think this count is more likely. With the new low either (iii) could …
The lower boundary of the corrective channel got penetrated as suggested to call a top in place. As I wrote in my last update, this top could be of a lower degree. Since the divergence in RSI is there but …
Looking into the SMA 3 of the RSI in the daily chart, there is still some room to the upside. The middle area of the Linear Regression Channel, the red downtrendline from the barchart (the blue downtrend line is the …
Today I am showing a line on close chart in the 2 days time frame. Referring to the ADX and the two DMIs in this timeframe, prices are still within a correction. Prices do respect the blue downtrendline whilst the …
RSI 14 shows a divergence but not below the 70s line yet and prices still move within the final channel (grey). If prices penetrate the lower boundary of the grey channel, this would indicate a top in place. But please …
The lower boundary of the black corrective channel was penetrated. The current low at 2,160.15 is still intact and so far the decline from what I labeled as potential red ((ii)) is in three. Looking into the ADX and -DMI …
Gold continues going up. Trying to count the internals in this timeframe the wave three I was referring to in my last update could be in place. Measuring the fib level, potential (3) would have ended at 4.0 of potential …
Today I am showing the 50 period Linear Regression Channel I had mentioned in my last update so you can see it pointing downwards – in comparison to the 100 period channel which is pointing upwards. Prices seem to keep …
The lower boundary of the Linear Regression Channel – as assumed – worked as support. Looking into the daily RSI 5, higher prices wouldn’t be a surprise. Let’s observe how price interacts with the middle line of the channel. If …
The level of D of the orange count triangle that I had pointed out last week got penetrated. But this doesn’t eliminate any of the counts which all point to the downside from a larger perspective. Adding the Linear Regression …