Commodities
December 2023
GOLD Futures
There are currently 2 counts:
Blue count (Primary): After the bottom on November 2022 price has put higher highs and higher lows. Support area is between U$D 2020 and U$D 1889. Below U$D 1889 the Red count increases in probabilities.
Red count (Alternate): It suggests we might see a wider flat for minor B wave. Support area is between U$D 1892 and U$D 1708.
October 2021
GOLD Futures
There are currently 2 counts:
Blue count (Primary): Price came back to the support area and it still has to prove Wave (4) has finished. Support area is between U$D 1672 and U$D 1561. Below U$D 1561 the Red count takes over.
Red count (Alternate): It suggests we have topped in a (C) wave and we will see lower targets ahead, lower than in 2016. Above U$D 2089 this counts invalidates.
GC: www.tradingview.com/x/ryajwKpQ/
PLATINUM Futures
There are currently 2 counts:
Blue count (Primary): It suggest price has finished Intermediate Wave (2) and it should be working on Intermediate Wave (3). Targets for Intermediate Wave (3) are above U$D 2900.
Red count (Alternate): It suggests Intermediate Wave (2) has not completed yet. Support for Intermediate Wave (2) is between U$D 965.1 and U$D 677.7.
Invalidation point for both counts is U$D 677 so we should a stop loss at U$D 677.
PL: www.tradingview.com/x/oGPOsYaa/
SILVER Futures
There are currently 2 counts:
Blue count (Primary): Price continues consolidating in Minor Wave 4. Support for Minor Wave 4 is between U$D 22.72 and U$D 20.87. Below U$D 20.82 the Red count takes over.
Red count (Alternate): It suggests we have topped in Wave (1) and price is working on Wave (2). Support for Intermediate Wave (2) is between U$D 21.04 and U$D 14.29. Below U$D 14.29 the Red count invalidates and it means we might see lower targets.
SI: www.tradingview.com/x/gQcHex8O/
June 2021
GOLD Futures
There are currently 2 counts:
Blue count (Primary): It seems we have completed Wave (4) just where it was supposed to and now price is working on Wave 1 of (5). If price starts to retrace here then support levels on the charts can be used. If we make a higher high then these levels will be higher.
Red count (Alternate): It suggests we have topped in a (C) wave and we will see lower targets ahead, lower than in 2016. Above U$D 2089 this counts invalidates.
March 2021
GOLD Futures
We are still completing Wave (4) and ideally we can drop to 1672. I've added a deeper support level for this Wave (4). There are currently 2 counts:
Blue count (Primary): Wave (4) is about to finish and we should be targeting U$D 2400 or above for Wave (5). Above U$D 2000 we have price confirmation.
Red count (Alternate): It suggests we have topped in a C wave and we will see lower targets ahead, lower than in 2016.
February 2021
GOLD Futures
We seem to be in Wave (4) still and we can drop to 1672. There are currently 2 counts:
Blue count (Primary): Wave (4) is about to finish and we should be targeting U$D 2400 or above for Wave (5). Above U$D 2000 we have price confirmation.
Red count (Alternate): It suggests we have topped in a C wave and we will see lower targets ahead, lower than in 2016.
December 2020
GOLD Futures
Based on the micro structure, it seems Wave (4) has finished. There are currently 2 counts:
Blue count (Primary): Wave (4) is about to finish and we should be targeting U$D 2400 or above for Wave (5). Above U$D 2000 we have price confirmation.
Red count (Alternate): It suggests we have topped in a C wave and we will see lower targets ahead, lower than in 2016.
October 2020
GOLD Futures
We seem to be in a consolidation since beginning of August. There are currently 2 counts:
Blue count (Primary): We are consolidating in wave (4) and we should be targeting U$D 1821-1672. Above U$D 2000 the probabilities shift to the correction is over and we are heading towards U$D 2400.
Red count (Alternate): It suggests we have topped in a C wave and we will see lower targets ahead, lower than in 2016.