In this video I have discussed the two likely Elliott Wave Counts for Gold (XAU USD), both counts are pointing in the upward direction. Hypo 1 states that we are currently in Wave C and within Wave C we are in Wave 4 which means we are to see one […]
After the 1240 low it seems that Gold (XAU USD) has already completed the first Impulse and is currently in a Flat Correction to complete the Wave 2. This pattern is to be analyzed closely as after the completion of Wave 2 there will be a very good trading opportunity, […]
Surprisingly after hitting the Invalidation mark as talked about in the previous report Gold (XAU USD) is moving up. Currently I’m out of the market and waiting for confirmation but this is indeed a very interesting situation. Theoretically Wave 3 can not be the shortest, in this case it is […]
Following on with the Bearish Count it looks like we WTI Crude is still continuing down with the Wave 3 (Circled). It looks like the lower trendline will be broken as this Wave 3 down continues. You should read this report to get a better understanding of what might be […]
The previously mentioned invalidation mark has been touched hence I exited my position and took another look as to what might be going on this Gold(XAU USD) chart. It seems that the double bracketed Wave 3 is still going down which only means that this correction will continue down a […]
Gold (XAU USD ) seems to have reversed near the earlier mentioned invalidation level around 1241.50 . As of now it seems to be moving for a Wave 2 retracement near the red support region. SL is still to be kept at Invalidation level. I will update further as […]
As of now I’m considering the Bearish count in Crude Oil as it seems to be the one being followed. It seems that we are moving up to complete the circled Wave 4 around the 45.70 level and then down for the 5th, it is possible that I might have […]
Gold (XAU USD) looking to make the bullish move from here on, I earlier thought that the Wave C will progress as an Ending Diagonal however it has already moved into the target zone white box. Also since the Wave 3 of C is smaller then Wave 1, hence the […]
It looks like the circled Wave 4 is finally complete and that SPX will make new highs, technically most immediate target of 2480 should be achieved as per this analysis, however from a psychological standpoint I expect it to atleast touch the 2500 mark. Let’s see how it […]
Crude Oil possible case scenarios (Elliott Wave Analysis) It looks like that from the white marked box we are seeing a 5 legged down movement, currently I have 2 counts for this situation, Black and Red, both counts are quite probable, my bias is slightly towards the red count that […]
As such the situation in Crude Oil has been quite complex and I believe that this is a wait and watch situation as of now. I have a bullish as well as a bearish count and it remains to be seen that which count will play out. Learn […]
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 […]
It looks that the recent sharp leg down was the Wave C of Wave (4) and hence we can see a little more upside as Wave (5) takes it’s course. In any case precaution must be taken and strict stops must be put in place as the alternate count in […]
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 […]
This bearish count seems very less likely to play out however is still a possibility and hence should be considered as an Alternate Count. Click here to check the last post to see the main count. Learn to trade using Elliott Wave Principles – My Video Course To receive these […]
