-
USDCAD Looks Bullish Long-Term! – Elliott wave (video)
January 16, 2020 · Comments Off on USDCAD Looks Bullish Long-Term! – Elliott wave (video) -
Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day
June 9, 2019 · Comments Off on Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day -
EURUSD : Sell Trade Setup
May 8, 2019 · Comments Off on EURUSD : Sell Trade Setup -
Elliott Wave View Expecting AUDJPY to Extend Lower
May 7, 2019 · Comments Off on Elliott Wave View Expecting AUDJPY to Extend Lower -
Elliott Wave View: S&P 500 Futures Eyeing New All-Time High
April 16, 2019 · Comments Off on Elliott Wave View: S&P 500 Futures Eyeing New All-Time High
analysis
AUD USD
binary option
buy sell
Canadian Dollar
candlestick
charts
day trade
day trading
down trend
ElliottWave
Elliott Wave Theory
EUR
Euro
EUR USD
fibonacci
forecast
Forex
futures
how to trade
Japanese Yen
learn to trade
macd
make money trading
moving average
profitable trading
profits
resistance
spread betting
stochastic
stop loss
support
Technical Analysis
technical commentary
Technicals
technical trading
trade idea
trade signals
trading advice
trading education
trend line
up trend
USD
US dollar
volume
FWP Network > Forexhound.com > Analysis > Commodities Analysis > Metals > Technical forecast for Spot Gold
Technical forecast for Spot Gold
Metals · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast
Spot Gold has collapsed breaking 1617/16 to hit 1598.23. The bounce is now testing resistance at 1619/1621. This should be tough to beat but a push higher targets 1626 with any further strength then likely to target 1633/35 for an excellent selling opportunity.
If we cannot get through 1619/21 look for a test of support at 1611/10. A move below 1609 then risks a test of last week’s low at 1598. If we cannot hold on here today then look for a break to target 1595 & then 1590 below but there is scope for a test of 1585 this week in this 4 month down trend.