@ Spec : What's interesting is that another well known analyst who publishes on the same site that you have provided the link to, has recently come up with a prediction for Gold that is totally at odds with the projections offered in the article you have referred.His analysis is elliott based as well. Who do you trust?
Hi Rob, potentially there are many patterns that could develop from the above situation. At this stage it might be best to keep an eye on the support-resistance levels shown in green.
"With the reduction in exchange market volatility, the conditional dollar sales have only been triggered twice in the past three months, most recently on Wednesday of this week. "
Ashraf or anyone,sorry to be a bother ,but it would be immensely appreciated if someone could explain to me ,even briefly ,what the term 'conditional dollar sales' means from the above quote.
Quote:Spec "rpats yen has probably been strengthening due to risk aversion from chinese stocks since last month." Perhaps we could add a few more reasons ,eg Bank of Japans positive tone in comments relating to Japanese economy earlier this month,significant export and production increases being reported,and speculation that oil is topping out and due for a fall.Add to that a few technical ,cyclical and sentiment reasons and we have a partial explanation.
Ashraf ,early today on Twitter you mention a eurusd target for December ( 155-156 ) and then write that the same goes for audusd. I take that to mean you are also bullish on this pair but was wondering if you might have an end of year target also?
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
What's interesting is that another well known analyst who publishes on the same site that you have provided the link to, has recently come up with a prediction for Gold that is totally at odds with the projections offered in the article you have referred.His analysis is elliott based as well. Who do you trust?
Ashraf or anyone,sorry to be a bother ,but it would be immensely appreciated if someone could explain to me ,even briefly ,what the term 'conditional dollar sales' means from the above quote.
"rpats yen has probably been strengthening due to risk aversion from chinese stocks since last month."
Perhaps we could add a few more reasons ,eg Bank of Japans positive tone in comments relating to Japanese economy earlier this month,significant export and production increases being reported,and speculation that oil is topping out and due for a fall.Add to that a few technical ,cyclical and sentiment reasons and we have a partial explanation.