16.09.201312:35 Forex Analysis & Reviews: Gold Elliott wave analysis for September 16, 2013

Análisis a largo plazo

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Gold bounced on Friday as expected towards our target of 1,325-30, where the upper boundaries of the short-term downward sloping channel are. These boundaries were our target for a wave 4 upward bounce. This price action is in three waves and we believe that this is just a corrective upward bounce before the price resume the downward trend. In the chart below you can see our Elliott wave count from the top at 1,433.

The current elliott wave count will be canceled only if the price moves inside the price range of 1,355-65 where the low of wave ((1)) is. This count wave anticipates new lows below 1,300 and further weakness to test the 1,272 level, which is intermediate term support.

The daily chart is showing weakeness. The broken trendline has not been back tested as the price fell in an impulsive manner, whereas the upward move from 1,180 is, most probably, a three wave upward pattern, confirming our view that the entire upward move was corrective and the decline that is now under way from 1,433 is a new downward impulsive move. Confirmation of this bearish scenario will come if the price moves down impulsively, and if prices break below 1,180, and if prices do not break above 1,433.

Concluding we remain bearish. Intermediate term stop is at 1,335 and then at 1,360. If the downward move from 1,433 completes 5 waves down, we will have 1,433 as stop.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.