Talking Points -Gold prices press February highs as Sentiment drops to -1.29 -Elliott Wave Technical Analysis suggests resistance nearby ...
Talking Points
-Gold prices press February highs as Sentiment drops to -1.29
-Elliott Wave Technical Analysis suggests resistance nearby for a fall back towards $1190
-$1167-$1190 is the next level of support to buy the dip
On Friday’s report, we discussed that the medium term trend is higher for gold prices and that we are implementing a buy the dip type of strategy. Sentiment readings over the past couple days are continuing to support a medium term up trend as the SSI reading has continued to drop and now sits at -1.29. This drop in SSI is a result of short positions becoming 8% greater than levels we saw last week while bullish positions are about 9% below levels from last week.
For those not familiar with SSI, it is a contrarian type of signal in that if the reading pushes towards greater negativity, or sellers, then it typically signals a bull move in price.
Gold Price Presses February 11, 2016 High of $1263 per Ounce
[Image 1]
From a technical perspective, the pattern continues to appear like a 4th wave of a 3rd wave in Elliott Wave terms.
From Friday, we mentioned:
“[T]he first leg lower we saw last week suggests another leg lower of similar magnitude is coming in the next few days. Anywhere between the current level and $1291 could produce a rejection and secondary move lower. Therefore, the zone we’ll anticipate support to buy is $1167-$1190 per ounce.”
Gold prices dropped from $1227 on Friday to $1202 per ounce on Monday which was slightly above the top end of the $1190 price zone. Could it be possible Monday’s price action was the secondary reaction we were looking for? Possibly, but be mindful that it may still be coming. Therefore, the door is still open for a rejection between current levels and $1291 which may lead to a sell off towards $1167-$1190 per ounce.
Based on the current wave count analysis, potential rejection zones surround $1250 and $1281 as a (b) wave of a downward correction (see chart above). Therefore, bulls may want to keep their powder dry for lower levels where the risk to reward ratio improves.
If this is not a (b) wave and if we press higher in circle wave ‘v’, then it would suggest continued modest gains before another retest back into this $1200-$1250 price zone.
The bottom line is that the better risk to reward ratio opportunity for bulls is at lower levels and if price begins to take off higher, the secondary wave count suggests an eventual revisit back to near current levels. Therefore, chasing prices higher is the trade that produces a worse reward based on the risk and that we need to stay away from such chasing. It is preferred to buy the dip near $1167-$1190 per ounce.
Sentiment can provide some clues if the $1250 or $1281 price zones might provide a reaction lower. If the SSI reading begins to shift towards positive levels, then be mindful of the reaction lower. Keep watch on real time SSI which is currently sitting at -1.29.
This past weekend, a date was established for a referendum vote on whether UK’s membership to the European Union would continue for June 23, 2016. This scenario has been dubbed ‘Brexit’ (British Exit) by the news outlets. We bring this up with regards to Gold, because the Brexit was the driving force behind my top trading opportunity in 2016…that is buying Gold while selling Pound Sterling. To read more about that trade, download the 2016 Top Trading Opportunities Guide which includes over 14 different opportunities the DailyFX team is considering in 2016.
-Gold prices press February highs as Sentiment drops to -1.29
-Elliott Wave Technical Analysis suggests resistance nearby for a fall back towards $1190
-$1167-$1190 is the next level of support to buy the dip
On Friday’s report, we discussed that the medium term trend is higher for gold prices and that we are implementing a buy the dip type of strategy. Sentiment readings over the past couple days are continuing to support a medium term up trend as the SSI reading has continued to drop and now sits at -1.29. This drop in SSI is a result of short positions becoming 8% greater than levels we saw last week while bullish positions are about 9% below levels from last week.
For those not familiar with SSI, it is a contrarian type of signal in that if the reading pushes towards greater negativity, or sellers, then it typically signals a bull move in price.
Gold Price Presses February 11, 2016 High of $1263 per Ounce
[Image 1]
From a technical perspective, the pattern continues to appear like a 4th wave of a 3rd wave in Elliott Wave terms.
From Friday, we mentioned:
“[T]he first leg lower we saw last week suggests another leg lower of similar magnitude is coming in the next few days. Anywhere between the current level and $1291 could produce a rejection and secondary move lower. Therefore, the zone we’ll anticipate support to buy is $1167-$1190 per ounce.”
Gold prices dropped from $1227 on Friday to $1202 per ounce on Monday which was slightly above the top end of the $1190 price zone. Could it be possible Monday’s price action was the secondary reaction we were looking for? Possibly, but be mindful that it may still be coming. Therefore, the door is still open for a rejection between current levels and $1291 which may lead to a sell off towards $1167-$1190 per ounce.
Based on the current wave count analysis, potential rejection zones surround $1250 and $1281 as a (b) wave of a downward correction (see chart above). Therefore, bulls may want to keep their powder dry for lower levels where the risk to reward ratio improves.
If this is not a (b) wave and if we press higher in circle wave ‘v’, then it would suggest continued modest gains before another retest back into this $1200-$1250 price zone.
The bottom line is that the better risk to reward ratio opportunity for bulls is at lower levels and if price begins to take off higher, the secondary wave count suggests an eventual revisit back to near current levels. Therefore, chasing prices higher is the trade that produces a worse reward based on the risk and that we need to stay away from such chasing. It is preferred to buy the dip near $1167-$1190 per ounce.
Sentiment can provide some clues if the $1250 or $1281 price zones might provide a reaction lower. If the SSI reading begins to shift towards positive levels, then be mindful of the reaction lower. Keep watch on real time SSI which is currently sitting at -1.29.
This past weekend, a date was established for a referendum vote on whether UK’s membership to the European Union would continue for June 23, 2016. This scenario has been dubbed ‘Brexit’ (British Exit) by the news outlets. We bring this up with regards to Gold, because the Brexit was the driving force behind my top trading opportunity in 2016…that is buying Gold while selling Pound Sterling. To read more about that trade, download the 2016 Top Trading Opportunities Guide which includes over 14 different opportunities the DailyFX team is considering in 2016.
Clearstream to Settle LCH-Cleared Equity Contracts
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
