As such Gold has been moving as expected in a 3 legged correction heading down, currently it is in Wave B of the A-B-C correction. For more clarity read my last published report here. I expect that this market will face resistance around the 1281.70 region and is most likely […]
As per the count presented on the chart it seems highly likely that Gold is getting ready to head higher. It seems that the current corrective leg down can take support in the 1255-1245 region and then the bullish Wave 3 can start, however if the market trades below 1245 […]
After the previous article in which I discussed how Gold might be moving in a 3 legged correction, it achieved the target 1 mark and then started moving hesitantly in a sideways fashion, now it seems that the correction might have taken a complex structure and quite possibly a Triangle. […]
In the last update I shared my view that Gold should rise up for the 5th Wave to complete the circled Wave 3 which it has. Alternate count in Green. However at this point it seems that either that Wave 5 is a Truncated 5th or that it is Wave […]
In the last video report I pointed that I was expecting Gold to atleast achieve the level of 1244 and the last target was 1232, since Gold achieved both of those targets in this video report I have looked at the possible upside levels. From the current Wave Progressions it […]
I have previously discussed some probable count for Gold and would like to add to this possibility this particular count which points that a small leg up still remains before we see the Wave 2 of 3 correction. Basically if this count plays out then we will see Gold going […]
In this video I have discussed the three main Elliott Wave Counts that can play out on the Gold (XAU USD) market from 16th April 2017 onwards. I have also specified the possible downside targets and the strategies that can be incorporated to trade these counts. Video Report : […]
The current wave progression seems to be moving in 3 – 3 Wave formations which can be considered as an Ending Diagonal, also a point worth noting here is that the Wave 1-3 and Wave 3-5 have 1.236 Fibonacci relationship which further supports the count. If this formation […]
In this video I have discussed the main count as well as 2 other possibilities that can play out in Gold (XAU USD). Basically 2 counts are pointing downward and 1 upward, my bias is towards the downside, I have also discussed the trading strategies for each count. Learn […]
As long as the red trendline is not broken on the upside I don’t think there is much point in looking at bullish counts, hence I have only discussed the most probable bearish count in this article. Looks like the Wave B was a double Zig Zag and the Wave […]
In my last video report I discussed the 2 possibilities or the Wave counts that can take place. The last article suggested that either the Wave 2 in Gold was completed at 1240 and it has started the Wave 3 and is in Wave 2 of Wave 3. The second […]
In this article I have discussed the 2 possibilities that can play out in Gold (XAU USD). Watch detailed video report : The market is either moving as a Flat in the Wave C (Consider the Count in BLUE) OR It has already completed the Wave 2 correction as a […]
In this video I have discussed the various possibilities that can play out in the Gold (XAU USD ) market. In my previous forecast I was expecting that the market will turn around 1260 region which is exactly what happened. It seems that the market is now going down in […]
In my previous post I looked at both the bullish as well as the bearish possibility and pointed out that if the market takes support over the 1244 mark then that would increase the possibility that the bullish count will play out. As of now the market has clearly taken […]
In this report I have discussed the possible scenarios that can play out in the Gold Futures Market (XAU/USD), I have used Elliott Wave for the purpose of this discussion. Basically there are two counts that can play out as of now, my personal bias is towards the Leading Diagonal […]
