• 1,032 days Will The ECB Continue To Hike Rates?
  • 1,032 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,034 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,434 days Could Crypto Overtake Traditional Investment?
  • 1,438 days Americans Still Quitting Jobs At Record Pace
  • 1,440 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,443 days Is The Dollar Too Strong?
  • 1,444 days Big Tech Disappoints Investors on Earnings Calls
  • 1,445 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,446 days China Is Quietly Trying To Distance Itself From Russia
  • 1,447 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,451 days Crypto Investors Won Big In 2021
  • 1,451 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,452 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,454 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,454 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,458 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,458 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,459 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,461 days Are NFTs About To Take Over Gaming?
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

GOLD and NZDUSD Intraday: Elliott Wave Analysis

No change on gold so far; move is slow and sideways so we see it as a minor correction within ongoing decline of wave (v) that still can fall to 1120/1130 area before bounce can be found.

GOLD 1h Elliott Wave Analysis

GOLD 1-Hour Elliott Wave Analysis Chart

It's been few days since I looked on NZDUSD, as we put it on the side after closing a nice short trade on Monday. However, now again this pair can be forming a new very interesting pattern, maybe an ending diagonal in wave 5 which is a reversal pattern. However, there is room for a decline towards 0.7600 before market can be bottoming. For a bottom confirmation, we however will need to see an impulsive bounce. For now, that's not the case, so trend is down, but its a good count to keep an eye on.

NZDUSD 4h Elliott Wave Analysis

NZDUSD 4-Hour Elliott Wave Analysis Chart

 


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

 

Back to homepage

Leave a comment

Leave a comment