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Gold Price Trend Hanging By a Thread (Webinar Recording)

Gold Price Trend Hanging By a Thread (Webinar Recording)

2017-03-06 19:37:00
Jeremy Wagner, CEWA-M, Senior Strategist
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This is a recording of a webinar from March 6, 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, USD/JPY, USD/MXN, AUD/USD, and EUR/JPY.

DJIA may be entering a period of consolidation as 21,300 marks a wave relationship. The Gold price up trend is hanging by a thread when viewing the daily and weekly Ichimoku clouds.

We wrote last week how USD/JPY is at risk of finalizing a triangle pattern, which may lead towards lower prices. This pattern remains value so long as USD/JPY is below 114.96.

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

Follow me on Twitter at @JWagnerFXTrader .

See Jeremy’s recent articles at his Bio Page.

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

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