So i'll admit I did lighten my load a bit. On the hourly price hit that first wave 5 target (where my arrow was and has so far retreated in a impulse like fasion!).

I'll be buying any dips that reach my second trendline, currently...1080s and of course the daily support @ 1071.

The bears did get some attention.


Hi Sheldor,

By big chart did you mean daily?

In some circles we are in a stepping pattern, I've outlined it on the daily. Let Fibonacci be our guide for the next level.

Should price carve out another "step" I would call it another Elliot wave 1-2 series. The 3 of all these 1-2s will probably blast us into the stratosphere (1387).


I'll throw this out there as well. Delta theory has gold marking a low on Nov 2 + 9 . Which is tomorrow, the accuracy is +/- 4 days ! lol so next week is our bottom.