Captain Ewave
Captain Ewave Articles
Gold reached a new low of 1065.80 in the overnight session, which is now a 50% retracement of the rally from 1045.40 to 1088.20. We did mention in yesterday’s Posts, that we thought we still had an incomplete impulsive sequence from the...
Gold reached a high of 1074.00 in the overnight session. We are starting to lean to the idea that wave .a. ended at 1151.60 and that we have now started our wave .b. rally. If gold were to now rally to the 1181.00 area, which is roughly...
A week or so ago we changed our longer-term count in gold to what is shown on the attached Long Term Gold Chart. Our original count had a double (a), (b), (c) corrective drop that started at the wave 3 high of 1923.70.
We had mentioned in both of yesterday’s Posts, that we did not see an impulsive wave structure on the Intraday Chart in the rally from the 1073.00 low to 1097ish high. That suggested to us, unfortunately, that the 1073.0 low is going to be...
Gold remained range bound in the overnight session, as we traded within the high and low that was made in yesterday’s day and overnight session. We need gold to start moving higher if wave -ii- actually ended last Friday at the 1184.50...
At the time that this was being written, Gold reached a new low of 1128.70 in the overnight session. Gold is very oversold and is now likely heading to our 78.6% retracement level of wave ^i^ which is 1122.70.
Gold was extremely quiet in the overnight session, and we did reach a high of 1167.10. Gold has still not given us the confirmation we need to say that wave ^iv^ or some other more bullish corrective wave has definitively ended at the 1158...
As you can see on the attached daily Gold Chart, we have reluctantly decided to label the 1191.50 high as the end of wave ^iii^, and the current corrective setback being wave ^iv^. In the overnight session gold reached a low of 1167.30....
Gold was lower in the overnight session reaching 1151.30. On the Intraday Chart, it appears that the rallies are impulsive looking and the setbacks corrective looking, which is bullish. Based on that observation, it is likely that wave ^...
Gold was stable in the overnight session, being range bound between 1141.60 and 1129.60. Our current thinking remains unchanged with wave ^i^ of *iii* ending at 1141.50, and the current trading being wave ^ii^. If we are correcting in wave...
