CFD Trading Gold Technical Analyst Report Elliott Wave Trading Strategies
Elliott Wave Gold 1 Hour Chart
1666 support held very well during Euroepan trading hours, from where is market now reversing quite strongly, so its obvious that wave iv) is still underway. We are looking now again, at the incomplete zig-zag pattern with wave c now headed into 1710/1720 area from where we expected another sell-off.
Base channel, 38.2% retr. and wave iv territory of one lesser degree will tend to react as a strong resistance in current wave iv).
Larger trend clearly down, its just a matter of time, when prices will collapse

CFD Trading Gold Technical Analyst Report Elliott Wave  1 Hour Chart     

Friday, 25 November 2011 at 7:13:00PM AEST

Code: SPI CFD ASX 200
Date: 5 December
Chart: 30 Minute Chart
The move down from the intraday high on Friday night is in five waves so expect an abc correction across 4300 with 4272 SG2 as supports
EarlyBird Report Comments:
SPI CFD 4290
TradingLevels: Support SG2 (4265 | 4272 | 4280)
Elliott Wave: The Wave structure is still unfolding higher, however a wave four corrective pattern is unfolding across 4300, see the chart on the SPI. As you may be aware we are working two wave counts on the US markets and one of those counts has a top in place now, this can reflect back here, this count with the top in place is being confirmed be the US Dollar, any way just be careful here at the 4300, at minimum expect a corrective pattern at mTL3 4300. The move down last night is in five waves, this will produce another five waves after a bounce off the SG2 4272
SPI ASX200 CFD Trading Strategy: Corrective price action expected

SPI CFD ASX 200 CFDs Index Trading - Elliott Wave Technical Analysis

CFD Trading Report Gold 1 Hour Chart
Friday, 9 December 2011 at 7:15:00PM AEST
Elliott Wave Theory
Gold fell sharply in recent sessions, about we warned 24hours back.A fall from 1756 is clearly impulsive, so it must be part of some larger bearish structure, which should continue once wave ii is done. But before weakness will continue, we want to see pull-back for at least 38.2% compared to wave i.

Currency Trading US Dollar CFD Trading Strategy Elliott Wave

Dollar Index 4 Hour Chart Elliott Wave
-corrective pull-back
On dollar index we are still monitoring a corrective, incomplete price action in wave 2, as recovery from Nov 30 appears to be very slow and choppy, so its probably just another corrective leg of wave 2. Our latest interpretation for wave 2 is a flat correction, currently in (b) wave with wave (c) yet to come.

Currency Trading US Dollar

Technical Anlaysis: Elliott Wave Gold CFD Trading Report
Gold 1 Hour Chart
Tuesday, 13 December 2011 at 6:40:00PM AEST
Elliott Wave, Gold was sharply lower yesterday, with a very strong momentum, so we suspect that a recent fall was a third wave price action. So if that’s the case, then we know that further weakness should be seen, as current recovery is just a wave iv pull-back, which will ideally find a top around 1670 area. From there intra-day traders will look for a fall on the short side again, while market trades below 1703.

Gold 4 Hour Chart
Tuesday, 13 December 2011 - downtrend acceleration

A strong Elliott Wave acceleration has occurred yesterday after the support line of a corrective channel from September lows was broken. we can see A very sharp move here, which has a personality of a third wave. As such, it seems that we are in wave (C) leg headed now towards 1530. Short-term critical region is at 1724!

GOLD Daily Chart
11 December 2011  Gold - looking for a fall into 1530 area

We believe that Elliott Wave  top is in place on gold, after an impulsive fall from 1920 followed by a corrective rally from 1530, which already shows first signs of completion around 1800 zone, labelled as wave (B) on the chart! Notice that prices found the resistance in the past few weeks at 61.8-78.6% retracement area, which is also a very typical Fibonacci reversal zone. A break of 1662 will be trigger for wave (C) weakness into 1530 zone!

Code: SPI CFD / ASX200 XJO
Date: 16 December
Chart: 1 hour Chart
Looking for another low into 4100 then a bounce.
Trading be on the right side of 4150
EarlyBird Report Comments:
SPI CFD 4150
TradingLevels: The 4200 is the pivot within Minor Group1 and while the price is under this then the bias is weaker and above as support we would need to be long. From that we can continue to break bias down to the point within your trading time frame, if you’re a sublevel trader you would consider the 4100 as support and the 4150 the Midpoint you would simply be long or short from this number, drilling down you would look at the pattern and volume at the midpoint, you would use your skill of pattern recognition including your understanding of the retest checking the price and confirm that with the volume, then you would scale in accordingly and you know the levels where you have to exit.
Elliott Wave: There are two counts as mentioned in the DJI SP500 but also consider the Elliott wave count on the AUDUSD because the current price on the ASX200 SPI has support off the 4000, so long trade are fine too, you just need to know the price that’s supports the market in your trading time frame you can’t trade without know that price
Trading Strategy: While the price is under the 4172 SG2 the pressure is down, the Midpoint is next, the move up off the 4100 appears to be corrective (three waves) but its early yet. It’s all about the Midpoint being long or short from this price point.