US Gold CFD: 1711 The turn was sharp driven by ECB headline news, but either way the turn down is in line with the wave count and the price being under the 1720 is a guide stick for our technical analysis, from a Elliott wave perspective, the sharp move down is probably in five waves so expect a counter trend in three waves an abc corrective zigzag pattern which is highly likely to move back above 1720 once the abc is completed 1720 – 1730 area the price should continue downwards. Silver will do the same and will soon retest the move down and you would be eventually looking for 32.00 to become the resistance, but you looking for the abc 5-3-5 structure to complete to look at building the short trade. In both Silver and Gold while the Euro meeting is taking place its best to trade very small positions and use stops as we don’t really know what will be coming out of the gates so to speak. Trading Strategeis US Spot Gold
Register
{#foreach $T.Years as year} <div class="year"> <div class="year_header"> <span>{$T.year.Year}</span> </div> <div class="year_months"> {#foreach $T.year.Months as month} <div class="month"> <a href="{$T.month.Url}" year="{$T.year.Year}" month="{$T.month.MonthN}">{$T.month.MonthName}</a> </div> {#/for} </div> </div> {#/for}
{#if $T.length == 0 && $P.root} <div class="no_cats"> <span>No Categories</span> </div> {#else} <ul class="cat_list" catId="{$P.parentId}"> {#foreach $T as cat} <li class="cat_item" order="{$T.cat.Order}" catId="{$T.cat.Id}"> {#if $P.select} <input class="cat_select" id="cat_cb_{$T.cat.Id}" name="cat_cb_{$T.cat.Id}" catId="{$T.cat.Id}" type="checkbox" /> <label for="cat_cb_{$T.cat.Id}">{$T.cat.Name}</label> {#else} <a href="{$T.cat.Url}" cat="{$T.cat.Name}" class='cat_link'>{$T.cat.Name}</a> {#/if} {#if $P.edit} <div class="cat_delete"> <a href="#" class="cmd_try_delete"><span>Delete</span></a> </div> <div class="cat_delete_confirm"> <span>Are you sure?</span> <a href="#" catId="{$T.cat.Id}" class="cmd_delete">Yes</a> <a href="#" class="cmd_delete_cancel">Cancel</a> </div> {#/if} {#if $P.edit && !$P.isRootBlog} <div class="cat_move"> <a href="#"><span>Move</span></a> </div> {#/if} <div class="cat_childs" parentId="{$T.cat.Id}"></div> </li> {#/for} </ul> {#/if}
<span>Parent category:</span> <select class="cs_blog_categories_list_dropdown"> <option value="-1">--</option> {#foreach $T as cat} <option value="{$T.cat.Id}">{$T.cat.Name}</option> {#/for} </select>