GDX (1H) / Primary Elliott Wave Count
Gold (GBP) daily- Up Channel, within Upchannel. Futher deatils about Up and Down channels: thepatternsite.com
Gold (AUD) daily- Ascendin' Broadenin' Wedge(ABW) inside another ABW!
Gold (AUD)- Simple UpTrend support. Short term bullish.
Gold (USD) daily- Ascendening Broadening Wedge (ABW). A real possibility of reaching for the bottom of the ABW trading range.
Gold (AUD) daily- Clear downward breakout from Ascending' Broadening Wedge (ABW). Price target is horizontal red line. Temporary relief at purple UpTrend line. Regarding the 52% of ABW that break out downwards. 81% of those act as Reversals of the prevailing trend- Thomas Bulkowski. thepatternsite.com
Please like/follow for my sake. This is continuation of my REBOOT series. Since the REBOOT 1, I'm batting 7 for 7 in my trade ideas, including silver, ES, GDX and GDXJ. Scan thru them and hit replay on each one (the play button is on the right of the chart, a lot of people don't realize that for whatever reasons). It will surprise you how accurate it is turn...
Gold (AUD) daily- Downward breakout from Ascendening Broadening Wedge (ABW). 81% of AWB breakouts occurs in the direction leading up to the ABW. However, this is that 19% of cases. Note: We are at Oversold RSI's under 30. History shows, when the RSI hits these levels, usually prices bounce back up.
This is a short term zoom in for REBOOT 3.21. It will not get updates bc it expires soon. Please click on chart below for detail and updates to main trend:
Gold (AUD) daily. Symmetrical, ascending, fallin' wedges. However, bullish uptrend intact. With unprecedented Unlimited Fed QE , expect a big rally in Gold and Silver over the next 3 years (as occurred after the great Fed QE from 2008-11).
Gold (AUD) Daily- Symmetrical Triangle inside a Ascendening Broadening Wedge. thepatternsite.com thepatternsite.com
Gold- Symmetrical triangle, within a larger Broadening Top. Symmetrical Triangle- Has a 60% of Upward breakout, 40% chance of downward breakout. thepatternsite.com Broadening Top- Has a 61% of Upward Breakout, 39% chance of downward breakout (Thomas Bullkowski) thepatternsite.com
Gold (AUD) Daily chart- Ascendening Broadening Wedge.
Gold (AUD) daily chart- Following orderly uptrend. Yellow line- 20 day simple MA.