Juan Maldonado
Elliott Wave Street
Would you like to enter the market at the right time—when the risk is low and the potential reward is high?
In this article, we’ll show you how to achieve that using one of the most powerful technical tools: Elliott Wave Theory, enhanced with volume and momentum to reach what we call professional precision trading.
When you understand the current price cycle, you can anticipate the next one. But that’s just the beginning. The real challenge lies in timing your entry precisely, where the stop is tight, the risk-to-reward ratio is favorable, and the odds are clearly in your favor.
That’s when you need more than a wave count. You need to see how the market is absorbing liquidity, how volume is drying up, and how momentum is diverging, especially between price and the MACD. That’s where the Big Player is loading up—and the other side of the market is running out of steam.
In this video, we walk through Gold (XAU/USD) step by step to show you exactly how to combine these tools in real-time and spot high-probability reversals.
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Editors’ Picks
EUR/USD holds losses below 1.1850 ahead of FOMC Minutes
EUR/USD stays on the back foot below 1.1850 in the European session on Wednesday, pressured by renewed US Dollar demand and reports that ECB President Lagarde will step down before the end of her term. Traders now look forward to the Minutes of the Fed's January monetary policy meeting for fresh signals on future rate cuts.
GBP/USD defends 1.3550 after UK inflation data
GBP/USD is holding above 1.3550 in Wednesday's European morning, little changed following the UK Consumer Price Index (CPI) data release. The UK inflation eased as expected in January, reaffirming bets for a March BoE interest rate cut, especially after Tuesday's weak employment report.
USD/JPY price continues to hold key support level around 152.00
The USD/JPY pair trades 0.27% higher to near 153.70 during the European trading session on Wednesday. The pair gains as the Japanese Yen underperforms its major peers on expectations that Japan’s Prime Minister Sanae Takaichi will announce big spending plans in the fiscal budget to boost economic growth. Theoretically, a higher fiscal deficit weakens the appeal of the domestic currency.
Editors’ Picks
EUR/USD holds losses below 1.1850 ahead of FOMC Minutes
EUR/USD stays on the back foot below 1.1850 in the European session on Wednesday, pressured by renewed US Dollar demand and reports that ECB President Lagarde will step down before the end of her term. Traders now look forward to the Minutes of the Fed's January monetary policy meeting for fresh signals on future rate cuts.
GBP/USD defends 1.3550 after UK inflation data
GBP/USD is holding above 1.3550 in Wednesday's European morning, little changed following the UK Consumer Price Index (CPI) data release. The UK inflation eased as expected in January, reaffirming bets for a March BoE interest rate cut, especially after Tuesday's weak employment report.
Gold retains bullish bias amid Fed rate cut bets, ahead of Fed Minutes
Gold sticks to modest intraday gains through the early European session, reversing a major part of the previous day's heavy losses of more than 2%, to the $4,843-4,842 region or a nearly two-week low. That said, the fundamental backdrop warrants caution for bulls ahead of the FOMC Minutes, which will look for more cues about the US Federal Reserve's rate-cut path.
Pi Network rally defies market pressure ahead of its first anniversary
Pi Network is trading above $0.1900 at press time on Wednesday, extending the weekly gains by nearly 8% so far. The steady recovery is supported by a short-term pause in mainnet migration, which reduces pressure on the PI token supply for Centralized Exchanges. The technical outlook focuses on the $0.1919 resistance as bullish momentum increases.
Mixed UK inflation data no gamechanger for the Bank of England
Food inflation plunged in January, but service sector price pressure is proving stickier. We continue to expect Bank of England rate cuts in March and June. The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut.
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