5 waves down on /GC from the last week's high is complete on
15-minute charts. Wave A down on the daily chart could be
completed, or it may take another low to be completed. I lean
towards the latter outcome.
here you go junkie shows daily and 130 min GC, not sure about 5
waves down as I don't really see that. The ribbon pretty wide on
the daily so it may need to chop around more as well to work that
off, we had a perfect resistance cycle there, overnight had a cycle
support on the 130 min
just continue to monitor GDX, it leads and gives early clues,
it's still outperforming gold
on gold daily, watch to see if it closes back above its 9 day
EMA, if it does then it could still continue. If it closes below
the 9 EMA then it may need to work down to test the 20 day MA,
which should act as a support
yeah it's going to change depending on what symbol I have up
there - GC contract is on there but generally I have MES or
something else up there.
I'd have to create dedicated workspaces and time frames for
certain symbols, for now I've been using the same workspace and
just changing the symbols. But since these are view only you see
whatever symbol I have up at the time
Posted by rmoore100 on 27th of Mar 2023 at 04:56 pm
Thanks Matt !!! I'm able to copy your Trading View
Chart, then pull up the copy which allows me to change
symbols.....works great. I have the Premier version which
allows for up to six timeframe charts on one screen.
Recommend this to those out there who are interested in the Trading
View charts. Not really very pricey. Thanks again Matt
!!!!!
Thank you, Matt! I was referring to 15-minute charts, which is
most sensitive and gives an early indication of a trend change. A
stochastic-based indicator indicates more downside. I was careful
because /GC does not give you good entries that you may expect in
other markets (high demand, in other words).
Re: cycle support and resistance on 130-minute GC. Do you
include a lower time frame calculation in those lines? Or is it
only the time frame on the picture? Your cycle support and
resistance lines work amazingly well!
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5 waves down on /GC
Posted by junkie on 27th of Mar 2023 at 02:57 pm
5 waves down on /GC from the last week's high is complete on 15-minute charts. Wave A down on the daily chart could be completed, or it may take another low to be completed. I lean towards the latter outcome.
here you go junkie shows
Posted by matt on 27th of Mar 2023 at 03:04 pm
here you go junkie shows daily and 130 min GC, not sure about 5 waves down as I don't really see that. The ribbon pretty wide on the daily so it may need to chop around more as well to work that off, we had a perfect resistance cycle there, overnight had a cycle support on the 130 min
just continue to monitor GDX, it leads and gives early clues, it's still outperforming gold
on gold daily, watch to see if it closes back above its 9 day EMA, if it does then it could still continue. If it closes below the 9 EMA then it may need to work down to test the 20 day MA, which should act as a support
Matt, could you place the
Posted by rmoore100 on 27th of Mar 2023 at 03:39 pm
Matt, could you place the Trading View link to this daily and 135 side by side chart out on the blog ? Thanks !!!
https://www.tradingview.com/chart/VsZGLmhx/ yeah it's going to change
Posted by matt on 27th of Mar 2023 at 04:02 pm
https://www.tradingview.com/chart/VsZGLmhx/
yeah it's going to change depending on what symbol I have up there - GC contract is on there but generally I have MES or something else up there.
I'd have to create dedicated workspaces and time frames for certain symbols, for now I've been using the same workspace and just changing the symbols. But since these are view only you see whatever symbol I have up at the time
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
Thanks Matt !!! I'm
Posted by rmoore100 on 27th of Mar 2023 at 04:56 pm
Thanks Matt !!! I'm able to copy your Trading View Chart, then pull up the copy which allows me to change symbols.....works great. I have the Premier version which allows for up to six timeframe charts on one screen. Recommend this to those out there who are interested in the Trading View charts. Not really very pricey. Thanks again Matt !!!!!
GDX been getting stronger while
Posted by matt on 27th of Mar 2023 at 03:59 pm
GDX been getting stronger while the market sells off
Thank you, Matt! I was
Posted by junkie on 27th of Mar 2023 at 03:16 pm
Thank you, Matt! I was referring to 15-minute charts, which is most sensitive and gives an early indication of a trend change. A stochastic-based indicator indicates more downside. I was careful because /GC does not give you good entries that you may expect in other markets (high demand, in other words).
Re: cycle support and resistance on 130-minute GC. Do you include a lower time frame calculation in those lines? Or is it only the time frame on the picture? Your cycle support and resistance lines work amazingly well!