Gold Update: With wave b of the correction having retraced more than 75% of wave a, this has dimmed our anticipation of a zigzag type formation. We now anticipate a flatter correction which will see the extent of wave c being more or less equal to ...

Elliott Wave Chronicles

Sorry I missed this request. Will definitely post Gold setups in future. Here is something to think about in the meantime.

Elliott Wave Chronicles

CADJPY 4H Update: Price stuck in a consolidation zone. Price action is not so clear as yet so tread with caution. Wait for clear structure. We recommend to trade outside the consolidation area.

Elliott Wave Chronicles

EURUSD 4H Update: Wait for the break & retest of trendline to look for buying positions.

Elliott Wave Chronicles

EURNZD 4H Update: Price currently at the bottom of a consolidation. We recommend to trade only on breakout and retest outside the consolidation zone. Look for retest on lower timeframe.

Elliott Wave Chronicles

AUDNZD 4H Update: Price is overbought at current highs but one shouldn't rush to sell as yet. Wait for some bearish divergence and a breakout & retest below the rising channel.

Elliott Wave Chronicles

Gold update. Our Head and Shoulder scenario seems to be playing out well. The previous break below the 1595 level, which was a previous support, can be treated as the first signal of the short term bearish bias. Sell positions can be placed at ...

4 + 1 (Metals) strategy

Gold consolidating at the moment could be a sign of a breakout to the upside on the near term but here are a few pointers that we cannot ignore on the short term bearish bias.

4 + 1 (Metals) strategy

Price is retesting 1595 support level. Will it break and retest below or continue rallying? We'll be looking to buy above 1526 and sell only after break and retest below 1595. With the spread so large consider sitting on the sidelines.

4 + 1 (Metals) strategy

Price is back at a critical zone 1600 area. Will we get more downwards pressure or will the bulls continue this rally? Let's see how it plays out

4 + 1 (Metals) strategy

Food for thought.

4 + 1 (Metals) strategy

Uploading this analysis a bit late but this is how we see the market moving this week.

4 + 1 (Metals) strategy

Two scenarios we can look at. I'm in agreement that long positions can only be confirmed above 1600.

4 + 1 (Metals) strategy

CADJPY update We continue to wait for wave2 (correction) to complete. A flat structure will see price retesting broken trendline @77.5 level followed by continuation of the downtrend. A break above the broken trendline will see price testing ...

Elliott Wave Chronicles

EURUSD update We're now holding Buy positions after price reached our entry point @1.1175. SL remains intact @1.0953. We are looking to add to buy positions @ 1.1478.

Elliott Wave Chronicles

EURNZD update Price has continued to push further upward using our trendline as support. We continue to wait for the break of trendline and 1.7894 support. That will be a signal for a possible reversal. A retest either at 1.7894 or broken trendline ...

Elliott Wave Chronicles

AUDNZD update The bears have take full control of this pair. We anticipate a price correction to retest either broken support @1.0308 or broken trendline @1.0446. We will look for selling opportunities at these levels.

Elliott Wave Chronicles

I hope you're still holding.

Elliott Wave Chronicles

The 1611 is H4 200 handle. If you look at waveC, it's assumed to have 3 waves (ABC). The small arrow pointing up is a prediction of waveB of the waveC and it is assumed to retrace 38.2% of waveA of waveC.

4 + 1 (Metals) strategy

Gold is quite choppy at the moment but there are some opportunities for a quick scalp to the downside. It will require a move back into the 4H sell zone (1650 area) to build up momentum to the downside targetting 1616 area. The bulls are patiently ...

4 + 1 (Metals) strategy