All Blog Posts Tagged 'gold' (523)

Elliott Wave Morning Review For GOLD & USDJPY

Unexpected monetary expansion from Bank of Japan sent global stocks higher. Treasuries are trading down, metals are following, while USD is looking strong especially against JPY.



USDJPY move to a new high of the year, now moving within wave (iii) that can reach levels around 112 where we see 261.8% Fibonacci extension target. Any downward pullbacks in the middle of this bullish trend will be just temporary corrections with limited downside.

USDJPY 1h Elliott Wave…

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Added by Gregor Horvat on October 31, 2014 at 9:32am — No Comments

Forex & Futures Outlook

Added by 50Pips on October 13, 2014 at 9:33am — No Comments

Weekly Forex & Futures Outlook

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Added by 50Pips on October 6, 2014 at 7:28am — No Comments

Elliott Wave Morning Review For AUDUSD and GOLD

Commodity currencies are weak, with AUDUSD falling towards 0.8800 where wave (v) could look for some support. Trader need to be aware of an upward correction in days ahead, especially once 0.8895 swing is broken.

AUDUSD 1h Elliott Wave Analysis

Gold is trading in line with Aussie. On metal we…

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Added by Gregor Horvat on September 25, 2014 at 9:38am — No Comments

Forex & Futures Outlook

Added by 50Pips on September 1, 2014 at 7:58am — No Comments

Forex & Futures Outlook

Added by 50Pips on July 28, 2014 at 7:57am — No Comments

Forex & Futures Outlook

Added by 50Pips on July 14, 2014 at 8:04am — No Comments

Forex & Futures Outlook

Added by 50Pips on June 30, 2014 at 7:58am — No Comments

Forex & Futures Outlook

Added by 50Pips on June 23, 2014 at 7:59am — No Comments

Forex & Futures Outlook

Added by 50Pips on June 16, 2014 at 7:00am — No Comments

Forex & Futures Outlook

Added by 50Pips on June 9, 2014 at 8:06am — No Comments

Elliott Wave Morning Review For GOLD

Markets are very slow and ranged bounded ahead of highly awaited ECB decision. Traders and investors expect a negative interest rate on deposits. However, EURUSD may not fall as some would expect, keep in mind that this is already price in since last ECB meeting when EURUSD fell sharply just a few pips away from 1.4000 psychological level. We however, could see a spike to a new low, but I would really not be surprised to see a turn higher after the announcement and press…

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Added by Gregor Horvat on June 5, 2014 at 9:22am — 4 Comments

Can A Struggling Dollar Support Gold?

Can A Struggling Dollar Support Gold?

We have seen gold markets posting some strong rallies this week, with single session gains on more than 1%.  There are a few different explanations for why this is happening, and most of the news headlines have focused on the turmoil in Russia and the Ukraine.  To be sure, there must be some connection here, given the fact that safe-haven buying should be expected with the rising potential for extreme military conflict…

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Added by Richard Cox on May 23, 2014 at 9:00am — No Comments

Forex & Futures Outlook

Added by 50Pips on May 19, 2014 at 7:56am — No Comments

What Will Drive Gold Prices Now?

Precious metals markets had a very turbulent year in 2013, with both gold and silver having their first bearish annual interval since 2000.  These apparent changes in trend have raised some critical questions for long term investors in these markets, and these are important questions to answer given the fact that precious metals assets are some of the most commonly traded instruments.  Key examples here include the SPDR Gold Trust ETF (GLD) and theiShares Silver Trust ETF (SLV).…

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Added by Richard Cox on May 16, 2014 at 12:09am — No Comments

Forex & Futures Outlook

Added by 50Pips on May 12, 2014 at 7:25am — No Comments

Bleeding USD

Looking at the events for Tuesday, 06 May 2014, we would have expected to see a normal, quiet trading day. Early in the morning, (for European traders) the RBA was announcing that they decided to maintain the official interest rate unchanged at 2.5%. A few new words in their statement were actually saying the same thing as the last statement said. In my opinion, from this point of view, there were no reasons to quit building long Aussie dollar positions.

If Tuesday would have been a…

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Added by Arenoosh on May 7, 2014 at 8:03am — No Comments

Forex & Futures Outlook

Added by 50Pips on April 29, 2014 at 7:13am — No Comments

Forex & Futures Outlook

Added by 50Pips on April 22, 2014 at 7:17am — No Comments

GOLD and USDCAD Intraday: Elliott Wave Analysis

Yesterday some commodities fell sharply, and gold was no expectation. We have seen a very powerful bearish move away from 1330 that has unfolded in five legs so we think that this market will go even lower, but after a three wave bounce. We see nice resistance zone for wave c at 1310-1315.

GOLD 1h Elliott Wave Analysis…

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Added by Gregor Horvat on April 16, 2014 at 9:44am — No Comments

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