Gold Prices in a Bull Trend Above $1240 (Webinar Recording)
This is a recording of a webinar from February 27, 2017. To attend a live US Opening Bell webinar with Jeremy obtain your free registration here.
In today’s US Opening Bell webinar, we used technical analysis and namely, Elliott Wave Theory to identify trends for DJIA, Gold, EUR/USD, USD/JPY, GBP/USD, AUD/USD, and Gold.
Gold prices are embedded within an uptrend. The market may struggle near $1280 as several wave relationships come into play there. So long as gold prices are above $1240, then the uptrend remains in place.
USD/JPY continues to hover near support. Since prices moved below 112.30, this scars the bullish patterns and begins to shift the odds to a larger degree triangle pattern.
For those who are wishing to learn more about Elliott Wave patterns, join me on Tuesday’s as we demystify Elliott Wave Theory. We will spend a full hour dedicated to a pattern for the day.
Join me in the Elliott Wave teaching webinars at 1230 GMT.
If you wish to learn more about Elliott Wave theory without attending the webinars, grab our beginning and advanced guides here.
---Written by Jeremy Wagner, Head Trading Instructor, DailyFX EDU
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.