Captain Ewave
Captain Ewave Articles
Gold reached a low of 1123.90 in the overnight session, at the time that this Post was being written. We are waiting for the end of wave *ii* to occur. The 1123.90 low is now well within our retracement zones of:
Gold was a little softer in the overnight session, reaching a low of 1125.70, at the time this Post was being written. We expect further minor softness as the COMEX session progresses.
Markets are very quiet ahead of the FOMC decision. Gold dipped to 1101.50 in the overnight session, before recovering. We indicated in yesterday's End of Day that we were NOT sure that the correction from the 1108.80 high was complete at...
We are working on the assumption that wave .ii. ended on Friday at 1116.30, and that we have started wave .iii. higher! In the overnight session gold reached a high of 1122.70, at the time that this Post was being written.
In the overnight session gold reached a high of 1144.00, at the time that this Post was being written. This rally above 1140.30 satisfies our minimum requirements for a completed double 3 wave pattern rally from the 1117.00 low.
As you can see on the attached Daily Gold Chart, it appears that wave *iii* could be complete at the 1167.90. We had a *iii*=2.618*i* projection of 1164.50. We cannot rule the possibility that with all of the market turmoil that wave *iii...
Gold had a bit of wild ride in the overnight session, reaching a low of 1093.40, and then rallying to a new high for the move of 1118.90! The drop from yesterday’s day session high of 1108.40 to the overnight low of 1093.40, is corrective...
Gold has become a very confusing market, as we make a major low. We do not think that most people understand the significance of the low that is about to be made in this market, from a financial point of view!
Gold did not move very much in the overnight session, perhaps due to today’s option expiry. The good news is that we are encouraged by the fact that we seem to have an impulsive wave structure from 1076.60 low to the current highs!
Gold reached a low of 1093.50, early in the overnight session and is now back above 1100, at the time that this Post is being written. All elements are now in place for a completed second wave (c) of 4 diagonal triangle, and now we are...
