Generalmonkus

Generalmonkus

A long shot with this count? Trying to find a count for the gold stocks online but can't find anything! Any ideas anyone?

Generalmonkus

Craziness?!

Generalmonkus

I've just realised this seems to fit my bigger picture gold thinking which I published 40 mins ago. Thing is I don't want to convince myself this is it, so I remain skeptical and await more signals...

Generalmonkus

A possible count - don't pay attention to the targets i have set, it's more the thought pattern. Re targets there are several one could point to and that I have read about. IMHO, anything from $2000 upwards. I would say $2000 is a min target though when looking longer term. Also supportive of this count are the candlesticks on this 2 down - the wicks at the lower...

Generalmonkus

Please could someone lend me a hand and comment so I can learn? I think I've identified a 5-3-5 correction in gold, but what the heck is the recent price action where i haven't drawn the coloured lines?! After the lines I have drawn, I thought we had a 1, then 2, but now it looks messy?? I think I have the count wrong. Help!

Generalmonkus

Something like this - need to wait to see if the resistance around 95 tops this thing out into a wave 4 consolidation of some sorts. Once that's done maybe can go long for wave 5 - on to 100 key resistance? That may complete 5 waves at this level. Shorting at key 95 resistance could be good if wave 4 corrects sharply - wave 2 seems like the long drawn out...

Generalmonkus

Possibly breaking down out of long term (since 2008 crash) wave 4 consolidation?