GOLD and USDCAD Intraday: Elliott Wave Analysis | SafeHaven.com
  • 575 days Will The ECB Continue To Hike Rates?
  • 576 days Forbes: Aramco Remains Largest Company In The Middle East
  • 577 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 977 days Could Crypto Overtake Traditional Investment?
  • 982 days Americans Still Quitting Jobs At Record Pace
  • 984 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 987 days Is The Dollar Too Strong?
  • 987 days Big Tech Disappoints Investors on Earnings Calls
  • 988 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 990 days China Is Quietly Trying To Distance Itself From Russia
  • 990 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 994 days Crypto Investors Won Big In 2021
  • 994 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 995 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 997 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 998 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,001 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,002 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,002 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,004 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

GOLD and USDCAD Intraday: Elliott Wave Analysis

GOLD is falling today, away from 1296 where we see a completed wave iv, so current weakness represents a fifth wave, final leg of an impulsive sell-off from 1322, or maybe even from 1345 if we consider a potential three wave decline from that July highs. We see some supports from 1265 to 1250 from where we may get a bounce in price. If that would be in impulsive fashion then we will turn immediately bullish.

GOLD 1h Elliott Wave Analysis

GOLD 1-Hour Elliott Wave Analysis Chart

Five waves down from the highs, followed by a three wave rally is a bearish pattern that is pointing south on USDCAD. We are looking for an (a)-(b)-(c) drop away from 1.0995 where wave (c) may test 1.0800 before we look for a new bounce.

USDCAD 1h Elliott Wave Analysis

USDCAD 1-Hour Elliott Wave Analysis Chart

 


Subscribe Our Newsletter If you already didn't >> http://goo.gl/8QVevl

 

Back to homepage

Leave a comment

Leave a comment