Gab

Gab

Since Monday, the most interesting to me is gold's move today is against all major global currencies. A Breakout can happen now at anytime ...

Gab

Nothing much to report, as gold remains in a tight consolidation in the Flagpole & Flag since Jan. 25. It is a tight and positive pattern. We still have this Inverse Head & Shoulders with the Golden Neckline in the 1350-60 area . The pattern of focus is still the Flagpole & Flag. We still have to check: 1- the circus in Washington with tariffs for China's...

Gab Updated 

Gold/Silver Ratio. Nice over-throw from the ending Diagonal. Time to start thinking about catching the bottom in Silver ?

Gab

Looking at the "Big Picture": 1- Political Circus in Washington with increasing Debt that will never be paid. 2- Geo-Political risk in Syria, South China Sea, Ukraine, North Korea ... 3- De-Dollarization process (How did you go bankrupt?" Two ways. Gradually, then suddenly ) IF Petro-Yuan supplants Petro-Dollar then Importing Nations No longer need Dollars ...

Gab Updated 

Let's see IF DXY will hit the top of my red channel as a target (~90.20) . Actually 90.13 is a Fib. retrac. of 78.6%. The 10Y is still falling and the yield curve flattening. I don’t see any possibility of a sustainable rally until DXY hits at least 87.50 or 86.

Gab

If you’re looking for a reason why the DXY continues to fall, you need look no further than the 2-10Y yield curve. If this falls below 50 basis points, look out below for the dollar imho.

Gab

Looks like Gold and the Euro are ready for major breakouts to the upside. Let' s see what comes next ...

Gab

New oil futures contract denominated in Yuan trading on the Shanghai International Energy Exchange (INE) this morning. www.ine.cn www.bloomberg.com Looks ready for the next fall. Possible EW count:

Gab

It's important to watch how gold outperforms between two obvious assets like Bonds and Stocks. Using GLD and two most liquid ETFs to represent each asset class TLT and SPY. IF Gold is in an uptrend, it is going to be outperforming its alternatives. I think that’s exactly what’s happening here. We still want to be long Gold if we’re above 1300. That hasn’t...

Gab

We all know the Bearish case … Let’ s look at the Bullish case just for a change. IF this pullback is not over, this correction can be a simple zig-zag (w-x-y). It is possible to have a double zig-zag (w-x-y-x-z) but in that case we will simply go down further before reversing to test the neckline. Invalidation of this count at 1238. A closer look:

Gab

Probably just a pure coincidence ... or the way to keep the Stock Market where it is . Simple analysis.

Gab

Gold has made a series of higher lows since bottoming at $1045 in December 2015 Gold has consistently run into resistance above $1360, while pullbacks have found bottoms at higher levels The most recent December low at $1238 now takes on added importance as a downside support level Those are the facts. All the other stuff you are reading is mostly made-up mumbo jumbo

Gab

This past week confirms the following that you have to respect the impossible Trinity. You can have a positive stock market & attract foreigners with rising bond yields, but not with a rising USD. The new Bear Market in Bonds with rising yields will be very positive for gold. Looking at the ratio of TLT / GLD as a proxy for gold and the rising 10 year yields...

Gab

There is clearly a back-test going on right now, of the “Neckline” of a bullish inverted Head & Shoulders pattern. The pattern may be slanted but is still valid. We can observe how the Neckline served as “resistance”, consistently rejecting price (red arrows) until August, after breaking out to the upside. To confirm the upside breakout, and potential upside...

Gab Updated 

This potential H&S bottom is 4 years in the making and is big enough to lead the next leg of gold’s bull market much higher if the neckline is broken to the upside. Currently the neckline comes in around the 1350 area. Also interesting to note the CRB Commodity Index Breakout on the Daily :

Gab Updated 

The Elliott Wave count of "King Dollar" still favors one more wave left to go lower before a medium term bottom. Support at 88-89 Good for Gold

Gab

The 4, 8 and 16 years gold cycles all converge at 2001 and 2017. Where you are in these cycles tells you whether to look for Bullish or Bearish scenarios.

Gab

It looks like we reached the target for the Cup and Handle at 1357 few days ago. Looking at the structure, we have nice Fib. relations: If the Handle was wave 2, we have a Fib. target that was met for wave 3 at 1357 (1.618 ext.) . Exactly the same target of the Cup and Handle... Actually the retrace for wave 4 reached 61.8%. So it is very possible that wave 4...