• 6 hours Putin Signs “Digital Iron Curtain” Into Law
  • 9 hours Russian Metals Magnate Sues U.S. Over Sanctions
  • 12 hours Tesla Looks To Jump Into Indian Market
  • 14 hours Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 1 day Homeowners Experiment With Risky New Investment Trend
  • 1 day U.S. Tech Stocks Look Increasingly Vulnerable
  • 1 day De Beers To Expand World’s Most Profitable Diamond Mine
  • 2 days Ford CEO Gets Raise After Massive Layoff Round
  • 2 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 2 days Where To Look As Gold Miners Inch Higher
  • 3 days Google Faces Billions In Fines From European Regulators
  • 3 days The Energy Industry Has A Millennial Problem
  • 4 days Russian Banks Scramble For Sanction Loopholes
  • 4 days Gold ETFs Take A Hit After Four-Month Run
  • 5 days European Union Takes Aim At Ten New Tax Havens
  • 5 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
  • 5 days $600 Billion At Risk As Boeing Fallout Continues
  • 6 days Venezuela Has Yet Another Crisis Developing
  • 6 days Wells Fargo Accused Of “Ongoing Lawlessness”
  • 6 days Hollywood Agency Returns $400M Investment To Saudi Wealth Fund
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On SP500 And GOLD

S&P500

E-mini S&P500 is turning up from 2045 where index might completed a three wave retracement. However, it's Monday and markets are quite slow so it can be too soon for a bullish call, but we will definitely look back above 2100 if leg towards 2093 would unfold in five waves.

S&P500, 1H

S&P500 1-Hour Chart


GOLD

Gold is moving sharply to the upside since end of last week, now trading at new highs after strong break above the upper triangle line connected from 1283. As such, we will look for more upside now, finally above 1300 and then even to 1320/1340 area that can be seen at start of this month. Any short-term retracement lower may look for a support at 1283 or near 1270 swing.

GOLD, 4H

Gold 4-Hour Chart

 


Are you also wondering where is the S&P500 headed Long-term? We have special updates for active traders. For more details, visit our page at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment