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$XAU/USD (Gold) 8.20.2013
Read MoreMetal has completed a cycle from 1270 and is showing a 3 wave decline from 1385. Therefore, as 1385 holds, we expect another push lower in 3 waves toward 1328 to complete wave (( b )) before metal turns higher again. We don’t like selling the metal into proposed swing lower as the initial decline […]
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$EURGBP (8.19.2013)
Read MorePair has completed a cycle from 0.8731 & 0.8770 highs so expect a recovery in series of 3 waves toward 0.8635 – 0.8667 where pair can find sellers and attempt to resume the decline. Give recovery from 0.8500 low is so far in 3 waves, we don’t like buying the pair into the proposed move […]