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The Glory Of A Gold Price C Wavecaptainewave July 17, 2019 GOLD: Short Term Update
Until they break to the UPSIDE! It looks like wave *ii* ended at 1267.30 and that we are now rallying in an incomplete wave *iii*. Within wave *iii*, wave $iii$ ended at the 1442.90 high and we have been correcting in an almost complete bullish triangle wave $iv$ pattern. After wave $iv$ ends we expect a very sharp thrust higher in wave $v$, to complete all of wave *iii*. Our first target for the end of wave $v$ and *iii* is a “power target” of: *iii* = 1.618*i* = 1562.90! Importantly, this updated count now matches the count that we have now adopted for the GDX. Trading Recommendation: Long gold. Use puts as stops. Active Positions: We are long, with puts as stops! Short Term Update
Likewise, my silver wave counts need to be taken seriously because I spend serious time and effort on these wave counts. Within wave .iii., I now believe that wave !i! ended at 15.55 and all of wave !ii! at 14.91, which is a 50% retracement of the wave !i! rally. We should now be rallying sharply in wave !iii! which has an initial projection (and we have higher projections) for its completion of: !iii! = 1.618!i! = 16.90. On the weekly silver chart we are now breaking through our major weekly downtrend line. Let’s see where close at the end of the week. I bet it’s higher! Important: We expect silver to begin, right now, to advance faster than gold. Our first projection for the end of wave .iii. is: .iii. = 1.618.i. = 18.06. Trading Recommendation: Long silver. Use a put as a stop. Active Positions: We are long, with puts as stops! Long Term Update
Short Term Update
50% = 579.02; 61.8% = 567.10. We need to be on guard for the end of wave -ii- and the start of a very sharp rally in wave -iii-! A break and close above our red downtrend line that we have shown on our 120 Min CDNX Chart, would likely provide that confirmation. We will provide our initial projection for the end of wave -iii- only when we are 99% sure that all of wave -ii- is complete. The bottom line: Going long an array of CDNX junior mining stocks is recommended! Free Offer For 321Gold Readers: Please send me an Email to admin@captainewave.com and I’ll send you our latest Wave Counts Tactics report! We analyse the hourly, daily, and weekly charts for GDX, which are beginning to shape up as serious wave count “mind-blowers”! We are definitely very excited! ### Jul 17, 2018 Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. 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