Tuesday, February 19, 2013
#Gold (XAUUSD) New Leg Down toward 1560 – #Elliott #Wave #Analysis
On gold we are tracking an impulsive but still incomplete weakness from 1685. We think that prices are headed below 1625 January low but before that market could find a temporary low and retrace back to 1650 in wave iv) before downtrend resumes. Invalidation level remains at 1666.
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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USDJPY is trying to stay with a larger uptrend now after recent reversal down to 95.50 support which appears to be wave iv). Wave iv) f...
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Pivot: 0.806 Our preference: Short positions below 0.806 with targets @ 0.801 & 0.799 in extension. Alternative scenario: Above 0.8...
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Commodity Entry Target Stop Gold Limit Buy 1515 Limit Sell 1530 Stop Sell 1511 Crude Oil Limit Buy 99.10 Limit Sell 100.00 Stop Sell 98.90 S...
