Kirkland Lake Gold Ltd. T.KGI

Elliot wave

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Gold

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Gold

Intraday Update: 11/12/2020 7:19:20 AM

Bottom Line: Gold may continue to new lows within a zigzag down. 

 

Gold probably completed wave b as a triangle at 1882.50 and is falling to new lows in wave c to complete a triple zigzag correction down as wave iv (circled). The outlook is bearish under 1865.80 and should continue to about the 1840.00 area, maybe lower. Pushing above 1882.50 without making a new low could mean that wave b was still in progress developing as a zigzag up. ~Tom Denham

 

 

Send questions or comments to [e-mail].

Download Trading with the Metals Pro Service PDF (updated 28 November 2019) 

If you are interested in learning more about the MotiveWave charting software that I am using to prepare my charts, follow this link: https://bit.ly/39oyaXg

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Gold

Intraday Update: 11/11/2020 5:15:43 PM

Bottom Line: Gold may continue to new lows within a zigzag down. 

 

Gold probably completed wave b as a triangle at 1882.50 and is falling to new lows in wave c to complete a triple zigzag correction down as wave iv (circled). The outlook is bearish under 1865.80 and should continue to about the 1840.00 area, maybe lower. Pushing above 1882.50 without making a new low could mean that wave b was still in progress developing as a zigzag up. ~Tom Denham

 

 

Send questions or comments to [e-mail].

Download Trading with the Metals Pro Service PDF (updated 28 November 2019) 

If you are interested in learning more about the MotiveWave charting software that I am using to prepare my charts, follow this link: https://bit.ly/39oyaXg

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Gold

Intraday Update: 11/11/2020 12:07:43 PM

Bottom Line: Gold may continue to new lows within a zigzag down. 

 

Gold probably completed wave b as a triangle at 1882.50 and is falling to new lows in wave c to complete a triple zigzag correction down as wave iv (circled). The outlook is bearish under 1865.80 and should continue to about the 1840.00 area, maybe lower. Pushing above 1882.50 without making a new low could mean that wave b was still in progress developing as a zigzag up. ~Tom Denham

 

 

Send questions or comments to [e-mail].

Download Trading with the Metals Pro Service PDF (updated 28 November 2019) 

If you are interested in learning more about the MotiveWave charting software that I am using to prepare my charts, follow this link: https://bit.ly/39oyaXg

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•  Print

Gold

Intraday Update: 11/11/2020 10:02:28 AM

Bottom Line: Gold may continue to new lows within a zigzag down. 

 

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Gold probably completed wave b as a triangle at 1882.50 and is falling to new lows in wave c to complete a triple zigzag correction down as wave iv (circled). The outlook is bearish under 1865.80 and should continue to about the 1840.00 area, maybe lower. Pushing above 1882.50 without making a new low would call for re-evaluating. ~Tom Denham

 

 

Send questions or comments to [e-mail].

Download Trading with the Metals Pro Service PDF (updated 28 November 2019) 

If you are interested in learning more about the MotiveWave charting software that I am using to prepare my charts, follow this link: https://bit.ly/39oyaXg

•  Feedback
•  
•  Print

Gold

Intraday Update: 11/11/2020 7:08:49 AM

Bottom Line: Gold may correct higher within a zigzag down. 

 

Gold may rise towards the 1906.14 area in wave b of a zigzag while price holds above 1865.80. Falling lower would refresh the bearish view and likely mean that wave c of the zigzag was underway to new lows. A bullish possibility is that the low marks the end of wave c. That would require counting a tiny a and b near the peak at 1966.10. That is too cute to take seriously unless gold runs sharply up to the 1920.00 area.  ~Tom Denham