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Weekly US Dollar Fundamental Forecast: All Eyes on January Fed Meeting
2021-01-23 18:00:00
Euro Weekly Technical Outlook: EUR/USD May Dip More Before Finding Support
2021-01-23 04:00:00
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Gold and Crude Oil Prices Watching the US Dollar as the Weekend Nears
2021-01-22 06:00:00
Implied Volatility: What is it & Why Should Traders Care?
2021-01-21 22:30:00
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Dow, VIX, Tesla and Leverage Reflect Greater Risk to the Relentless Bull Market
2021-01-23 06:00:00
Why a Rise in Retail Trading May Signal Another Mania
2021-01-22 22:00:00
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Gold Price Outlook: Gold Weekly Reversal- Bear Market Rally or More?
2021-01-22 20:00:00
Gold Price Forecast: What to Make of Recent Rebound? Levels for XAU/USD
2021-01-22 12:30:00
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Weekly US Dollar Fundamental Forecast: All Eyes on January Fed Meeting
2021-01-23 18:00:00
Sterling (GBP) Weekly Outlook: Two Steps Forward, One Step Back
2021-01-22 16:00:00
USD/JPY
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Weekly US Dollar Fundamental Forecast: All Eyes on January Fed Meeting
2021-01-23 18:00:00
USD/JPY Outlook: Yen Falters Today but Faces Stout Topside Resistance
2021-01-22 13:00:00
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  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here: https://t.co/1oeXWEsJkb https://t.co/IyQdfq29fz
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  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:https://t.co/qxQwHgD9Ey https://t.co/ym73tgtHLn
Gold Weakness from the Top is Impulsive

Gold Weakness from the Top is Impulsive

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gold_body_gold.png, Gold Weakness from the Top is Impulsive

Prepared by Jamie Saettele, CMT

“The decline from the high in gold is impulsive (5 waves) but that decline could just as well complete a flat. As such, it is best to refrain from the short side until a drop below last week’s low (1752).” A drop below would shift to 1715 and probably quickly given the crowded nature of this market.

LEVELS: 1715 1737 1752 1770 1780 1790

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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