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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
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  • GOLD Elliott Wave Analysis: Bearish Reversal  0 comments
    Mar 20, 2014 7:19 AM | about stocks: GOLD

    GOLD prices are trading nicely to the downside in this week after a perfect reversal from 1380-1400 Fibonacci resistance zone. We see prices falling in impulsive fashion, now already beneath 1337 so we believe that top has been formed and that market will make a minimum three wave fall. At the moment price is still in wave i)/a), but any bounce will be just a short term rally.

    GOLD 4h Elliott Wave Analysis

    Written by www.ew-forecast.com

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    Themes: XAUUSD, Elliott Wave Stocks: GOLD
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StockTalks

  • Major Indices Could Make A Temporary Top >>> http://stks.co/p29hg
    about 8 hours ago
  • would not be buying USD today. holiday in EU and US that can cause "holiday reversals" means pullback could show up.
    3 days ago
  • NZDUSD could go towards 0.7 in week ahead: https://goo.gl/VAp5IX
    3 days ago
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