XAUAUD Weekly20161121200516

In February 2016, we spotted 5 swings up from April 2013 low in Gold (XAUAUD) and argued that by the time it completed 7 swings up from April 2013 low, it would have almost broken above August 2011 peak which will make the weekly sequence bullish. In 2nd quarter of 2016, we saw Gold (XAUAUD) […]

  • SILVER – GOLD VS US DOLLAR | Predicting the Reversal

    SILVER – GOLD VS US DOLLAR | Predicting the Reversal


    Introduction | SILVER:XAG and GOLD:XAU Let’s start from what we know so far. Gold:XAUUSD has been devaluated by approximately 42% since 2011’s all times highs 1.920 level and Silver:XAGUSD has been devaluated by almost 73% respectively from 2011’s all times high 49.780 level. Plain and simple Gold has lost almost half of its value while […]

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  • Oil Short Term Elliott Wave Update 11.25.2015

    Oil Short Term Elliott Wave Update 11.25.2015


    Short term reading of the Elliott Wave cycle suggests the decline to 39 at 11/21 ended wave ((B)) and oil has turned higher in a double three structure where wave (w) ended at 41.66, wave (x) ended at 40.41, and wave (y) of ((w)) is proposed complete at 43.46. Wave ((x)) pullback is currently in progress to correct 11/21 cycle in […]

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  • $OIL: Elliott Waves Forecasting the decline

    $OIL: Elliott Waves Forecasting the decline


    In this blog we’re going to take a qucik look at the $OIL Elliott Wave chart from the 11.10.2015 to explain the structure and our view. We were forecasting the decline in $OIL from marked 50-76.4 fib ret zone: 44.37-77.78 toward h4 equal legs (W)-(X) :  40.13 area $OIL 11.10.2015 London As we can see […]

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  • $GOLD (XAU/USD) Elliott Waves Forecasting the decline

    $GOLD (XAU/USD) Elliott Waves Forecasting the decline


    At the beginning of September our Elliott Wave analysis of GOLD (XAU/USD) suggested that we were still in bearish cycle from the 1169.9 high. The price was about to complete (X) recovery and were expecting more downside toward new lows below the 1117.47 level. First target came at 0.618-0.764 (W)-(X) at 1114.8-1107.05. Let’s take a […]

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  • Copper Short Term Elliott Wave Update 9.12.2015

    Copper Short Term Elliott Wave Update 9.12.2015


    Rally from wave (W) low at 2.209 is unfolding in double corrective structure WXY where wave W ended at 2.418, wave X ended at 2.3053, and wave Y of (X) is in progress towards 2.516 – 2.64 area before turning lower at least in 3 waves. Short term, metal is still in wave ((x)) and […]

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  • Copper Short Term Elliott Wave Update 9.10.2015

    Copper Short Term Elliott Wave Update 9.10.2015


    Rally from wave (W) low at 2.209 is unfolding in double corrective structure WXY where wave W ended at 2.418, wave X ended at 2.3053, and wave Y of (X) is in progress towards 2.516 – 2.64 area before turning lower at least in 3 waves. Short term, wave ((w)) is proposed complete at 2.4755, […]

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