Friday 24 July 2020

Gold (spot) XAU/USD Silver (spot) XAG/USD

31st July:  Gold spot XAU/USD, daily 
Typically, when taken from the end of the 2nd wave, the 1.618 Fib ratio of the 1st wave will target the top of the 3rd wave. In this case that target is taken as [3]' because there is no alternation between the larger pull backs of the Primary 3rd wave up to that point. The 1.618 Fib symmetry from [4]' now points to the extended top of the Primary 3rd wave. This target is also supported by the RSI and month end. 


ire brevis


27th July

Spot Gold:



Spot Silver






24thJuly
With the inrush of the lemmings the time has ripened. Pro is also short for prospering, most often by taking the candy from the babies. The piranhas will now strip the fattened  pig to the bone. Sorry for the lemmings but due to the nature of the jungle the truth is that history still repeats itself most each and every day. No amount of woke or coke can change this one. Maybe the piranhas can be temporarily distracted whilst the lemmings make a run for it, but its a long shot.


longo vivas tempore


My numbering:

The purpose of sharing this is to encourage broader interest with the application of the Elliott Wave theory. 
The standard version of the theory applies.

3 comments:

Justin Bilyj said...

Trying to follow along - does the first chart of gold show a possible reversal happening?

Snippit said...

The learning does not end, but accumulation of familiarity will assist the judgement. All charts here are looking for a reversal, but DXY needs take the lead, which appears to be underway. Positive data should be the key that brings in a fitful Primary wave [4] for PM's as equity markets continue their baseless blow off surge for a similar period. Then the next reversal will bring the prospect of the apocalypse as the grim truth of the suicidal and indoctrinated mass myopia takes its ungodly toll.

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