• 288 days Will The ECB Continue To Hike Rates?
  • 288 days Forbes: Aramco Remains Largest Company In The Middle East
  • 290 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 690 days Could Crypto Overtake Traditional Investment?
  • 694 days Americans Still Quitting Jobs At Record Pace
  • 696 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 699 days Is The Dollar Too Strong?
  • 700 days Big Tech Disappoints Investors on Earnings Calls
  • 701 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 703 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 707 days Crypto Investors Won Big In 2021
  • 707 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 708 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 710 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 710 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 714 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 714 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 715 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 717 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

GOLD and EURUSD Intraday

Gold fell to a new low but found a support near 1170 where metal might have accomplished a five wave decline in wave i, However, this can be confirmed only if price will rally out of a downward channel. At the same time we are also look at second count, which also suggests that correction is coming, but of a fourth wave where rally may not higher than 1180. In both cases any bounce will be corrective and only short-term; major trend seems down.

Elliott Wave Analysis - GOLD 1h

Gold 1-Hour Chart

EURUSD can be headed to a new low soon as minor rally looks corrective. Ideally it was wave (b) as part of a second zigzag, so pair can be headed down to around 1.1050 area to complete wave D) within a big triangle.

Elliott Wave Analysis - EURUSD 1h

EURUSD 1-Hour Chart

 


What Can You Get For 1€? At ew-forecast.com Try 1 Month Full Service >> http://www.ew-forecast.com/register

 

Back to homepage

Leave a comment

Leave a comment