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Update On Gold
Chaos Clinic For 11/22/2024
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Since my August 9th update on gold, it has continued to rally.
It is up 30 points since then as shown on this chart of the gold EFT, GLD.
The chart has several numbers, which are just reference points, not any sort of wave count.
This chart shows the Jupiter-Neptune cycle in red. That cycle tops out near mid 2025.
Shown on the chart is the long term channel. The recent rally hit the top of that
channel at point 6. I suspect that will be retested , possibly going to 270 in 2025.
Prices on the are marked every 15 degrees, 1/24th of a circle of 360. The ancients taught
us that this was an important division of a cycle, like our day of 24 hours.
The move from 1 to 2 was nine divisions, 135 degrees, 3/8 of a circle. The decline to 3 was
5 divisions. Then prices traded fairly flat until point 4. The price there was 120, 1/3 of a circle.
Point 5 was up 6 divisions from point 3. This is 1/4th of a circle. The pullback to 6 was down
1/8 of a circle. The rally has already run up 7 divisions. A move to 270 would be up 8 divisions,
1/3rd of a circle. This would also be up 6 divisions, 1/4 of a circle, from point 2.
This would be a strong resistance level because of the multiple harmonics. Something to watch for.
For more on my work and to subscribe to Tomorrow's Market Email Hotline and access to daytradingforecasts.com see
Moneytide.com
Software to plot electric field flux lines in NinjaTrader is available at
energyfieldtrading.com
11/22/2024 12:48:25 PM MT Al****:: I'm done-thanks for coming-no Clinic next week due to Thanksgiving
have a good holiday-take some courses
11/22/2024 12:18:47 PM MT Al****:: 11 days from this week's low is 11/30 , New Moon
11/22/2024 12:09:55 PM MT Al****:: range of the week just over 135 points, 3/8 of a circle
lower high on 11 calendar day cycle
11x8=88 which is the period of Mercury
11/22/2024 11:43:45 AM MT Al****:: topped on green MoonTide on SPKISS page chart 2
11/22/2024 11:38:24 AM MT Al****:: double top
11/22/2024 6:33:02 AM MT Al****:: Good Morning visitors. Welcome to the Chaos Clinic.
The written Chaos Clinic is on the AUX page.
This site has a lot of charts,
so you may find it useful to have several of them available within your
browser. If you have a tabbed browser, you can open separate charts
in separate tabs by right clicking on any link, and selecting "open in new tab"
from the menu. The main list of site pages is at
http://daytradingforecasts.com/chartlistsec.asp
Recommended pages to watch are SPKISS, MTRainbow, and Chat.
For astro stuff, add SPSunMoon, Wheel, and Chaos Clinic.
A special set of Dr. Al's research charts are on the Secret page.
Comments in the chat room are announced by a
"duck call" noise. This noise also occurs when the software detects a
resonant hex pattern on the Wheel page. MoonTide trading tutorials
are on the right side of the ListOfCharts page. One should
read Trading the MoonTide Tutorial and Keep it Simple as a minimum.
Many subscribers do not strictly trade the MoonTides, but use the charts on this
site as input to their own trading strategies. For example, charts 5 and 6 on the
SPKiss page are a good starting point for swing traders.
Also on this site is the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See http://moneytide.com -> Courses for details.
11/22/2024 5:29:49 AM MT oag****:: Good morning everyone! Hope everyone has a prosperous day!
9:00 Eastern-System: No comments