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2023-07-07 14:45:13 XAUUSD: Elliott wave analysis and forecast for 07.07.23 – 14.07.23

Main scenario: consider short positions from corrections below the level of 1935.00 with a target of 1836.74 – 1782.50.

Alternative scenario: breakout and consolidation above the level of 1935.00 will allow the pair to continue the rise up to the levels of 1973.80 – 2022.28.

Analysis: on the daily chart, a downside correction presumably finished developing as the fourth wave of larger degree (4), and the fifth wave (5) is forming. Apparently, the first wave of smaller degree 1 of (5) is formed on the H4 chart, and a downward correction is developing as the second wave 2 of (5).... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/44tQDxP Open / Comment

2023-07-07 14:21:13 WTI Crude Oil: Elliott wave analysis and forecast for 07.07.23 – 14.07.23

Main scenario: consider short positions from corrections below the level of 74.88 with a target of 61.65 – 54.50.

Alternative scenario: breakout and consolidation above the level of 74.88 will allow the asset to continue rising to the levels of 79.27 – 84.00.

Analysis: the first wave of larger degree (1) is presumably formed on the daily chart, and a bearish correction continues developing as second wave (2). Wave С of (2) is developing on the H4 chart, with wave i of C of (2) completed as its part. A correction is completed as wave ii of C of (2).... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3XIO6NF Open / Comment

2023-07-07 14:16:37 Silver sees no bottom. Forecast as of 07.07.2023

Low-profit assets turned to outsiders as a market narrative changed from a recession to a soft landing. Silver feels worse than gold and the yen. Why? Let’s discuss it and make a trading plan.

Monthly fundamental forecast for silver

The farther into the forest, the thicker the trees. The more monetary policies are tightened, the more often pleasant economic surprises occur. That's a paradox that made investors change their narrative from a recession to a soft landing and badly affected low-profit assets. The yen and gold lost nearly 3% in value last month, while silver saw almost a 6% drawdown.... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3D41bri Open / Comment

2023-07-07 14:12:19 Non Farm Payrolls Day. Spot Gold Analysis. XAUUSD: $1888/1866 or $1966/1988 in next 10 days?

Accuracy Review Of Analysis Dated 02.06.2023

As projected in analysis 02.06.2023:

XAUUSD Bearish Scenario: $1926/1907/1888/1866?

If the bearish momentum continues, Spot Gold price may fall further from MP 02.06.2023 $1975 zone towards $1926/1907 price trap zone with 1947, 1926 and 1907 as next stops, if Gold crash halts at $1947/1926 or $1907/1888 zones a reversal can be expected towards RT 23.6 on M5 and M15 30% RT TF M30/H1 before/in next 9 trading days.



Figure 1: Buy zones highlighted at $1926 and 1907 price zones | High $1935 (5th, July 2023)

Buying zones projected in June 2023 analysis: 1926/1907/1888/1866/1836.

Accuracy Review... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/43fUxc5 Open / Comment

2023-07-07 14:07:15 Silver sees no bottom. Forecast as of 07.07.2023

Low-profit assets turned to outsiders as a market narrative changed from a recession to a soft landing. Silver feels worse than gold and the yen. Why? Let’s discuss it and make a trading plan.

Monthly fundamental forecast for silver

The farther into the forest, the thicker the trees. The more monetary policies are tightened, the more often pleasant economic surprises occur. That's a paradox that made investors change their narrative from a recession to a soft landing and badly affected low-profit assets. The yen and gold lost nearly 3% in value last month, while silver saw almost a 6% drawdown. ... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3NFUErB Open / Comment

2023-07-07 13:44:14 USDJPY: Elliott wave analysis and forecast for 07.07.23 – 14.07.23

Main scenario: consider long positions above the level of 140.35 with a target of 146.00 – 148.00 once a correction has formed.

Alternative scenario: breakout and consolidation below the level of 140.35 will allow the pair to continue declining to the levels of 137.60 – 135.92.

Analysis: daily chart: an ascending third wave of larger degree (3) is formed, a descending correction developed as the fourth wave (4), and the fifth wave (5) started unfolding. Presumably wave 3 of (5) continues developing on the H4 chart, with the third wave of smaller degree iii of 3 formed inside. On the... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3Odw6I9 Open / Comment

2023-07-07 13:14:32 GBPUSD: Elliott wave analysis and forecast for 07.07.2023 – 14.07.2023

Main scenario: consider long positions from corrections above the level of 1.2591 with a target of 1.2848 – 1.2950.

Alternative scenario: breakout and consolidation below the level of 1.2591 will allow the pair to continue declining to the levels of 1.2516 – 1.2445.

Analysis: the first wave of larger degree (1) is presumably formed on the daily chart, a corrective wave (2) finished developing, and the third wave (3) is unfolding. The third wave of smaller degree 3 of (3) is developing on the H4 chart, with wave i of 3 formed and a downside correction developed as second wave... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3NZd4Vz Open / Comment

2023-07-07 12:47:32 EURUSD: Elliott wave analysis and forecast for 07.07.23 – 14.07.23

Main scenario: consider long positions from corrections above the level of 1.0832 with a target of 1.1097 – 1.1230.

Alternative scenario: breakout and consolidation below the level of 1.0832 will allow the pair to continue declining to the levels of 1.0782 – 1.0727.

Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with the first counter-trend wave 1 of (A) of B formed as its part. A correction appears to have formed as the second wave 2 of (A) of B on the H4 chart, and the third... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/46H53vJ Open / Comment

2023-07-07 12:39:06 USDCHF: Elliott wave analysis and forecast for 07.07.2023 – 14.07.2023

Main scenario: consider short positions from corrections below the level of 0.9015 with a target of 0.8820 – 0.8704.

Alternative scenario: breakout and consolidation above the level of 0.9015 will allow the pair to continue rising to the levels of 0.9056 – 0.9145.

Analysis: an ascending correction of larger degree is formed as the fourth wave (4) on the daily chart. A bearish fifth wave (5) started unfolding. The first wave of smaller degree 1 of (5) is presumably developing on the H4 chart, with wave v of 1 forming inside. Apparently, wave (i) of v and a local correction... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/44zPyUM Open / Comment