Copper (HG_F) broke below $3.5 low ($3.095) earlier today. As a result, it shows a bearish sequence from 2/16 peak ($3.272), risking for further downside. Current short term Elliott Wave view in Copper suggests that the rally to $3.272 on 2/16 ended Primary wave ((X)). The decline from there is unfolding as a double three Elliott […]

Revised Short Term Elliott Wave view in Gold suggests that the yellow metal is still correcting cycle from 12/13/2017 low ($1236.3) as a double three Elliott Wave structure. Up from 12/13/2017 low, Intermediate wave (W) ended at $1366.06 and Intermediate wave (X) pullback remains in progress as a double three. Down from $1366.06, Wave W of […]

Hello fellow traders. Another trade setup we have advised to members recently is WHEAT (ZW #F). In this technical blog we’re going to take a quick look at the past Elliott Wave charts of ZW #F  published in members area of www.elliottwave-forecast.com, explain the forecast and trading setup. As our members know, WHEAT have incomplete and […]

Short Term Elliott Wave view in Gold suggests the decline to $1306.8 ended Intermediate wave (X). However, the yellow metal needs to break above Intermediate wave (W) at $1366.06 to rule out the possibility of a double correction in wave (X). Up from $1306.8, the rally is proposed to be unfolding as a double three Elliott Wave […]

We revise our Gold Short Term Elliott Wave view to a more aggressive one and call the decline to 2.8.2018 at $1306.8 ending Intermediate wave (X). For this view to get validity however, the yellow metal needs to break above Intermediate wave (W) at $1366.06. Until then, the alternate view can’t be ruled out that the […]

Gold Short Term Elliott Wave view suggests that the yellow metal is still correcting cycle from 12.13.2017 low ($1236.30) as a double three Elliott Wave structure. Down from 1.25.2018 high ($1366.06), the decline is unfolding as a double three where Minor wave W ended at $1306.96 and Minor wave X bounce ended at $1361.81. Minor wave […]