We like the idea of Gold trading higher in a triple three corrective structure.  Short-term expect a test of  1299 area to complete wave (( w )) of Z. After this Gold should make a 50 – 61.8 % pull back of the rally from 1237.70 low and see more strength toward 1308 – 1337 […]

Preferred view suggests Copper has complete the triangle thrust which also completed the cycle from 3.425 peak (1.2.2014). We have labelled the decline from 3.425 – 3.175 as wave A and treating the current recovery as wave B. So far we have seen 3 swings up from the low so that should have completed wave […]

Check out these charts to see how NEW Elliott Wave Analysis called this drop in AUDJPY   January 22/2014 (Asia Update)   January 22/2014 (London Update)   January 23/2014 (London Update)   January 23/2014 (New York Update)   January 24/2014 (Asia Update)   January 24/2014 (London Update)   January 25/2014 (Weekend Update)   Over 400 […]

Pair has broken 0.8078 low and we believe wave A completed at 0.8059. Wave B is in progress as FLAT and can get rejected between 0.8202 – 0.8245  area for more downside.  We don’t like buying the pair in proposed push higher as hourly cycles are negative and like more downside after wave B is […]