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Gold & Miners: An Epic Wave Higher?captainewave Mar 30, 2024 The US 10-year Bond Yield has completed wave i at the 5.021% high and we are now correcting that 5-wave impulsive sequence within wave ii, which has the following retracement levels: Also, US rates are not confirming the dollar’s latest high, which is a bullish sign for gold! We will provide our initial projected endpoint for wave -iii- when we believe that all of wave -ii- is complete. Wave !iii! may now be extending to our second projected endpoint of: !iii! -= 2.618!i! = 2286.40. We are still short of our next projected endpoint for wave !iii!, so we should expect higher prices in the days ahead. Should wave !iii! extend further our next projected endpoint for wave !iii! is: !iii! = 4.236!i! = 2473.10. -iii- = 1.618-i- = 1773.38. $iii$ = 2.618$i$ = 627.08. On the Intraday Chart the rally from 536.31 to 579.67 has a completed impulsive structure and the drop from 579.67 to 541.20 is corrective looking, which has retraced a little over 78.6% of the initial impulsive move higher. We believe that after this corrective drop ends, perhaps at the 541.20 low, we should move higher again, as we continue to work on our wave !iii! rally. We also have a key daily reversal on the chart. We suspect that the completion of wave $i$ should occur at the major resistance level around the 33.00 level, which could match the end of wave !iii! in gold. After wave $i$ ends we expect a wave $ii$ correction that retraces between 50 to 61.8% of the entire wave $i$ rally. On the Intraday Chart we are watching a potential bullish tringle formation, which appears to be nearing completion. If this observation is correct, then we should expect a sharp thrust higher very soon. The Gold Indices/Gold ratio is approaching all-time lows, while gold is breaking to all-time new highs! We believe the upcoming gold stock/indices rally will be of “biblical scale”… and is now getting underway! Thank-you! Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. 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