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Gold, Oil & Rates: Key Wave Counts In Playcaptainewave Jun 22, 2025 Gold: Please click this link to view the Captain’s daily gold chart. Double-click to enlarge it. Analysis: We continue to rally in wave ^iii^, which has a projected endpoint of: ^iii^ = 6.25^i^ = 3249.40 (hit). It looks like all of wave $v$ of *iii* ended at the 3167.70 high, wave *iv* at the 2956.90 low and wave *v*, at the 3500.30 high, to complete all of wave -iii-. If that is the case, then we have been moving lower in wave -iv-, which has the following retracement levels: 23.6% = 3130.10 (hit). We have reached our 23.6% retracement level, so we need to be on guard for the completion of wave -iv-, perhaps at the 3120.90 low, and the start of another rally in wave -v-, which should see gold move to all-time new highs again! Wave -iv- could still become a flat correction or a bullish triangle. Good News: On the Intraday Chart the drop from 3450.30 to the current low of 3340.05 looks to be corrective which is suggesting that we will be moving higher again after this corrective pattern ends! Next major resistance is 3438.60. Trading Recommendation: Go long gold. Use puts as stops. Active Positions: Long gold futures with size from $1080, with puts as our stops! Special Subscription Offer: At $99/mth the Captain Ewave newsletter value is superb, and we have a special offer this week of just $199 for a three-month subscription! Investors get six updates a week from the Captain. Send us an email at admin@captainewave.com or click this link and we’ll get you on board. Thank-you! Oil: Please click this link to view the Captain’s daily oil chart. Double-click to enlarge it. Analysis: Wave i ended at the 103.65 high and we are now falling in a lengthy and complex wave ii correction, which we are now assuming is complete at the 55.12 low. We should now be moving higher in wave iii, and within wave iii, we are moving higher in wave i. Within wave i, we completed wave (i) at 63.34, wave (ii) at 55.30 and likely all of wave (iii) at 77.58, although it could extend higher. If that is the case then we are now falling in wave (iv), which may be close to completion. After wave (iv) ends we expect another rally in wave (v) to complete all of wave i. Wave (iv) could be come a bullish triangle formation. Under the current world circumstances with Israel/Iran we should expect extreme price movements over the next month or so! Trading Recommendation: Go long crude with a put as a stop. Go long Suncor (or big-name oil stocks of your choosing). Active Positions: Long crude with puts as a stop! Long Suncor! US Rates: Please click this link to view the Captain’s monthly US rates chart. Double-click to enlarge it. Analysis: We have made a major change to our US 10-year Bond Yield count and now believe that wave i is still underway, as shown on our Daily Chart. Within wave i, we completed wave (i) at 1.266%, wave (ii) at 0.504, wave (iii) at 4.997% and we are currently working on a large wave (iv) bullish triangle formation, which appears to still be underway. After our wave (iv) bullish triangle formation ends, we expect a sharp thrust higher in wave (v), which has a minimum target of the wave (iii) high of 4.997%. We will provide projections for the end of wave (v), once we confirm that our wave (iv) bullish triangle is complete, but a spike high to 6.00% would not be a surprise based on the size of the wave (iv) bullish triangle! Trading Recommendation: Flat. Free Offer For 321Gold Readers: Please send me an Email to admin@captainewave.com and I’ll send you our free “GDX From June: A Swoon Or The Moon?” report. Gold peaked in April and GDX has made new highs into June. Investors want to know what comes next and we address this vital question in the report. Short and long-term wave counts are highlighted, and we also address what may lie ahead for two exciting GDX component stocks! Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. 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Also, since the trades have not actually been executed, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. No independent party has audited the hypothetical performance contained at this website, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified hereafter. While the results presented at this website are based upon certain assumptions believed to reflect actual trading conditions, these assumptions may not include all variables that will affect, or have in the past affected, the execution of trades indicated by captainewave.com. 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