Captain Ewave
Captain Ewave Articles
Gold was higher in the overnight session, reaching 1223.40, at the time that this Post was being written. We believe that we are in wave !iv!. The first option that we are following is the triangle, as follows:
In the overnight session gold reached a low of 1191.80, and has since recovered somewhat to be trading around the 1215 area, at the time that this Post was being written. As we mentioned in yesterday’s Morning Post we are now working on...
In the overnight session Gold dropped to 1186.10 before recovering to 1197.70. On the Intraday Chart the drop from 1201.20 to 1186.10 looks corrective. Therefore, we expect that once this correction ends, if it has not already done so at...
Gold made a slightly higher high in the overnight session, reaching 1130.80, at the time that this Post was being written. There is no change to what we said in our last End of Day Post, as we expect further gains in wave ^iii^ of *c*. We...
Assuming that the gold rally holds, we should expect higher prices in CRJ and maybe ABX. We are not sure about Kinross. CRJ (Claude Resources) is our bell weather gold stock, and it’s been performing like a stallion over the past few...
The small bullish triangle that we thought was developing on the Intraday Chart has been eliminated in the overnight session. However, the new trading patterns on the Intraday Chart may suggest that gold still have some further upside...
Gold reached a high of 1081.50, at the time that this Post was being written, and is again trying to break above the wave ^i^ of *c* high of 1081.40. In yesterday’s End of Day Post we had suggested that the impulsive looking rally from the...
Gold rallied to 1074.30 in the overnight session, before giving almost all of it back. We still would like to see gold hit our 50% retracement level of 1063.80 to complete all of wave ^ii^. We still expect a little more weakness before we...
Gold was flat in the overnight session, but the wave patterns on the Intraday Chart suggest still higher prices in this up leg. Our next targets are 1085.00 and 1088.20. We are working on the assumption that all of wave .a. of –v- ended...
Late in yesterday’s day session, gold reached a low of 1058.20, and in the overnight session, that low held. We are now looking for the first signs of an impulsive sequence. That will confirm that all of wave *b* of .b. is complete at the...
