This is a very quick update (seeing as I’m up managing the new membership) for the hourly chart for Gold.
The triangle has completed as expected. The sharp downwards thrust may possibly be about an hour away from ending.
Extend the triangle trend lines. The point in time at which they cross over may see a trend change. This often happens, and sometimes it is where the wave that follows the triangle (in this case minuette wave (c) ) comes to end.
Redraw the channel about minute wave ii. When this channel is clearly breached then minute wave iii may have started.
Oh wow. I don’t know how to calculate zero. It doesn’t subdivide easily. 🙂 <– market trader going sideways, but smiling.
Hello. I have so appreciated your analysis of the Gold and Silver Market(s). I ran across your your site(s) when it seemed no one else was offering regular updates to EW analysis (so important) and was so relieved to find a handle on direction of these metals. I especially found your GOLD update 9/23 to be a fabulous and timely announcement of Gold’s activity. I liked how you worded your update, it was easy to understand in reference to the initial 9/23 post. Kinda funny–after watching several of your videos I can now read your post with your accent!
I am waiting with much fervor for your Silver post as you usually do Silver only once a week. Actually that is the EW analysis that I am most interested in at this time. Please hurry! (lol)
If there is any possibility you could calculate Silver a little more regularly I know it would certainly help me. Although I reference the XAG/USD charting I am trading a U.S. silver ETF for the time being. Again, your analysis regarding direction and estimation on time are a big help.
Hope things are well with you and that you are busy but not too busy to smile!
Thanks, glad to hear my analysis has been useful. I like it when I can get it right. I smile more.
I planned on updating Silver today, but it’s been a very …interesting and taxing day. I need to go surfing to rebalance.
Silver should be done tomorrow.
The probability of Silver being done more regularly is, for the foreseeable future zero.
The sun is shining and I’m in paradise. I’ve always something to smile about and I hope you do too 🙂