• 655 days Will The ECB Continue To Hike Rates?
  • 656 days Forbes: Aramco Remains Largest Company In The Middle East
  • 657 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,057 days Could Crypto Overtake Traditional Investment?
  • 1,062 days Americans Still Quitting Jobs At Record Pace
  • 1,064 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,067 days Is The Dollar Too Strong?
  • 1,067 days Big Tech Disappoints Investors on Earnings Calls
  • 1,068 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,070 days China Is Quietly Trying To Distance Itself From Russia
  • 1,070 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,074 days Crypto Investors Won Big In 2021
  • 1,074 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,075 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,077 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,078 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,081 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,082 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,082 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,084 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

GOLD and FTSE100 Intraday: Elliott Wave Analysis

On Gold we were tracking a five wave fall last week from 1296 that might have already found a bottom and complete the pattern at latest low that we see it as fifth wave. As such, recovery may extend much higher in this week, especially if we get an impulsive rally back to 1296. In that case we will turn bullish on gold for a larger degree.

GOLD 1h Elliott Wave Analysis

GOLD 1-Hour Elliott Wave Analysis Chart

FTSE100 is making a pullback now as rally from August lows appears to be a completed five wave move. The reasons recently more support line that suggests a minimum three wave set-back to former wave iv. Stocks in UK are down because of Scottish referendum so we may see some negative divergence compared to US markets.

FTSE100 1h Elliott Wave Analysis

FTSE100 1-Hour Elliott Wave Analysis Chart

 


 

Back to homepage

Leave a comment

Leave a comment