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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.555-0.1%Nov 7 9:30 AM EST
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To: Tweets Boar Hog who wrote (4072)3/21/2025 3:52:15 PM
From: Tweets Boar Hog   of 4397
 
Gold ... so what can we say today?

The key that was noticed was the mini TL break awa the little 5 wave down pattern off the top. The old saw is that 5 waves beget 5 waves, until they don't. So has a longer 5 wave pattern down started? Dunno we see next week. But it sort of looks that way. But we;re looking at really ST stuff, which can easily lead one astray.

W/r to the charts at the back link:
  • The 20 wk top was pushed to the window limit.
  • The down draft into the 'next' 20 wk low 'may' have started.
  • Jmo but if ~ 2840 is taken out to the downside, gets decidedly more bearish. A key area for me.

In the longer term, on that LT chart all those upper TL's that more or less came together at an apex, and very near a major fib extension, awa the upper tine in the fork, are keys as well.

The ole dollar looks bottomy here as well.

Next few weeks will tell the story here.

Tweets





I rechecked my fib numbers, 3088 is a better number, for the 1.61. On stockcharts daily I got 3059 for a high.

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