Fibonacci Analysis Archives - Page 9 of 12

Gold Update: Space Mission Aborted, Rescue Landing Is Ahead

Posted on October 22, 2015October 23, 2015 by Aibek Burabayev

One of our regular readers was among the few who openly rejected the idea of Gold’s reversal to the upside, he sees a lower bottom for the metal.

So let’s see why I changed my mind and now think that we are not going to rocket higher soon. Below is my previous post’s daily chart. I've added remarks to the chart to show what went wrong.

Gold Daily: Post-Mortem

Daily Gold Chart FOREX:XAUUSDO
Chart courtesy of tradingview.com

I supposed that after we received the first bull confirmation of higher lows, we can fly higher at a distance of the 1.618 Fibonacci ratio in the green CD segment. One can notice that we hit a new high last Thursday around the $1192 level. So why should we cancel the bullish scenario now? Continue reading "Gold Update: Space Mission Aborted, Rescue Landing Is Ahead" →

Palladium Has Justified Expectations

Posted on October 13, 2015 by Aibek Burabayev

In my previous post about Palladium, I had used a different look for the technicals by implementing the ab/cd concept and Fibonacci ratios together. In that post, on the monthly chart I had assumed that the 50% Fibonacci retracement level ($528) could hardly be cracked by sellers and had confirmed it by using the weekly chart where the cd=1.618 of ab ends almost at the same level ($539).

Below is the weekly chart with details to show how the reversal has happened.

Weekly Chart (second month): Reversal Assumptions Has Proved To Be Right

Weekly Chart of Palladium (NYMEX:PA)
Chart courtesy of TradingView.com

The price of Palladium has slightly overshot the 50% Fibonacci level ($528) down to $520. It’s amazing, but these ratios work like Swiss watches: precise and reliable and, of course, there are a lot of market players who use them every day. Continue reading "Palladium Has Justified Expectations" →

SPY Price and Time Coming Together

Posted on October 9, 2015October 9, 2015 by The INO.com Team

Todd Gordon of TradingAnalysis.com takes a look at the SPY and Netflix in today's market analysis.

Shorts are running for cover as we head into earnings season. We set the emotion aside and trade what we see, not what we think, and we see the SPY running to this key price and time resistance zone. Also, we take a look at the upside leader, NFLX, and how to position it with options going forward.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Silver Update: Risk/Reward Ratio Favors Longs (1:4)

Posted on October 5, 2015 by Aibek Burabayev

Back in September, I posted a Silver update with the very promising title, "The Time Has Come," where I suggested both target and time for this fading downside move. The target at the $13.7 level hadn’t been reached as buyers did not wait to buy on the dips and had followed Gold to the upside beyond $15, but the time goal (which I stressed in the title) worked out perfectly according to the Fibonacci time zone extension. The downtrend exhaustion appeared in September and it has been really wasting away as not only the low, but also the high of September have both been trapped in the shadow of August (margins have been highlighted in two black dashed parallel horizontal lines). Below the chart, I am going to expand on the prospects of the current reversal.

Silver (FOREX:XAUGSDO)
Chart courtesy of TradingView.com

Laozi said, “A journey of a thousand miles begins with a single step” and the above daily chart shows us important details that can’t be seen on the monthly chart. Here we can see the last steps of the previous “journey” down and the first “step” for the way up. Continue reading "Silver Update: Risk/Reward Ratio Favors Longs (1:4)" →

S&P 500 About To Get Barreled By The Approaching Hurricane?

Posted on October 2, 2015 by The INO.com Team

Earlier this week Todd Gordon of TradingAnalysis.com took some time away to go surfing before the hurricane in the Caribbean made it's way to the states. Now it's time to surf the market's Elliott Waves ahead of a different storm that's brewing post-NFP.