• 822 days Will The ECB Continue To Hike Rates?
  • 823 days Forbes: Aramco Remains Largest Company In The Middle East
  • 824 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,224 days Could Crypto Overtake Traditional Investment?
  • 1,229 days Americans Still Quitting Jobs At Record Pace
  • 1,231 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,234 days Is The Dollar Too Strong?
  • 1,234 days Big Tech Disappoints Investors on Earnings Calls
  • 1,235 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,237 days China Is Quietly Trying To Distance Itself From Russia
  • 1,237 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,241 days Crypto Investors Won Big In 2021
  • 1,241 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,242 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,244 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,245 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,248 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,249 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,249 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,251 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis For SP500 and GOLD Intraday

US cash market will open in around 30mins when we may see a continuation to the upside following a reversal yesterday from 1955 seen on the S&P500. Based on the wave count we assume that price is now recovering in wave 2)/B)that could look for a resistance around 1990 later this week.

S&P500 (December 2014) 1h Elliott Wave Analysis

S&P500 (December 2014) 1-Hour Elliott Wave Analysis Chart

GOLD is at the lows, out of a triangle that completed fourth wave earlier that we thought, but still then price moved into our anticipated direction. Well, an updated count and triangle measurement suggests more weakness in sessions ahead. There is room for a decline to 1190 to complete fifth wave, but at the same time we need to keep an eye on 1220 swing. Above that it will signal for a bullish turn.

GOLD 1h Elliott Wave Analysis

GOLD 1-Hour Elliott Wave Analysis Chart

 


 

Back to homepage

Leave a comment

Leave a comment