-
EURUSD Elliott Wave View: Still Trading Sideways
April 20, 2018 · Comments Off on EURUSD Elliott Wave View: Still Trading Sideways -
Launching Long Term Position Trading In Forex by Abe Cofnas
-
Currencies, Commodities and Intermarkets By Abe Cofnas
-
Currency Pairs – Key Characteristics By Abe Cofnas
-
Types of Charts and How They Are Constructed by Abe Cofnas
-
EURUSD Elliott Wave View: Still Trading Sideways
April 20, 2018 · Comments Off on EURUSD Elliott Wave View: Still Trading Sideways -
CL_F Elliott Wave View: Calling More Strength
April 19, 2018 · Comments Off on CL_F Elliott Wave View: Calling More Strength -
SPX Elliott Wave View: Calling Reaction Lower Soon
April 18, 2018 · Comments Off on SPX Elliott Wave View: Calling Reaction Lower Soon -
USDCAD Elliott Wave View: Calling Intraday Bounce
April 17, 2018 · Comments Off on USDCAD Elliott Wave View: Calling Intraday Bounce -
Elliott Wave Analysis: USDCAD Moving in Impulsive Structure
April 12, 2018 · Comments Off on Elliott Wave Analysis: USDCAD Moving in Impulsive Structure
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
futures
how to trade
Japanese Yen
learn to trade
macd
make money trading
moving average
New Zealand dollar
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 tested & held support at 1273/71 for a bounce as predicted as we bottomed at 1274. If we manage a recovery towards resistance at 1295/1300 this area could hold the topside today as we start to look overbought on the daily chart. Remember we are in a strong down trend so eventually we should head lower again. However use stops on shorts above 1308 as a break higher could allow a move towards 1325/30 for an excellent selling opportunity.
Support at 1271/68 could be tested again today but the outlook is becoming more negative so if we break lower look for 1260 & may be as far as a test of support at 1255/54.
Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More
Related Posts
Elliott Wave Analysis: Copper at Risk of Further Weaknesses
Copper (HG_F) broke below $3.5 low ($3.095) earlier today. As a result, it shows a bearish sequence from 2/16 peak
Elliott Wave Analysis: Copper at Risk of Further Weaknesses
Copper (HG_F) broke below $3.5 low ($3.095) earlier today. As a result, it shows a bearish sequence from 2/16 peak
Elliott Wave Analysis: Gold in Double Correction
Revised Short Term Elliott Wave view in Gold suggests that the yellow metal is still correcting cycle from 12/13/2017 low
Elliott Wave Analysis: Gold Bullish against 1306.8
Short Term Elliott Wave view in Gold suggests the decline to $1306.8 ended Intermediate wave (X). However, the yellow metal
Gold Favored Higher Against 1306.96
Gold Short Term Elliott Wave view suggests that Intermediate wave (X) ended with the decline to 1306.96. Up from there,