With the major data in line that is US - CPI data which is expected to come positive the Gold is set for another bullish run . With the falling wedge formation the support will be 1718-1720 Target 1 : 1775 Target 2 : 1805 Stop loss : 1710
After the last fall in gold with strong USD , gold needs correction before the final fall to 1700-1680 level. For the corrective ABC wave we are putting the target of 1774 and a stop loss of 1730 with the entry from 1739. BUY GOLD FROM 1739 TARGET 1774 STOP LOSS 1730
Gold BULLISH signal . Elliot wave analysis. Wave 1 completed BUY BETWEEN 1832-1830 Target : 1850 Stop loss : 1820
Gold will be in short term buying before going all the way down Entry : 1825 Target : 1840-1850-1875 Stop loss : 1801 Elliot wave analysis
Following the Elliot wave analysis a big selling opportunity is there in NZDUSD . Target 1 : 0.62713 - FIB LEVEL 0.786 Target 2 : 0.62303 - FIB LEVEL 1.618 Target 3 : 0.61811 - FIB LEVEL 2.618 STOP LOSS : 0.63200
Potential sell coming in Silver . TP 1 : 21.107 Trade 2 : 20.690 Big influencing factor : stronger Bond Yields and Powell's testimony . Stop loss : 21 .620
XAGUSD BUY Target : 21.94 Stop loss : 21.495 USD is weak with dropping US Bond Yields. Giving boost to Silver and other major commodities.
Elliot Wave Analysis - Corrective Wave 4 Almost Completed . Wave 4 target - 22.66 & 23.34 Wave 5 target - 19.557
Elliot wave analysis : Long term analysis Sell . Best selling point between 1880-1860 Long range target - 1780-1750-1720
BUY TARGET : 1860-1877 Stop loss below : 1818 Risk - Minimum Reward - High