• 10 hours Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 16 hours Gold Mining Stocks Stuck In Limbo
  • 1 day Executive Order Targets Huawei Over Espionage
  • 2 days Why Now May Be The Best Time Ever To Hold Gold
  • 2 days Fake News Sinks Shares In UK-Based Bank
  • 3 days De Beers To Build $468 Million Diamond Recovery Ship
  • 3 days Moody's: Turkey Faces Possible Credit Downgrade
  • 3 days Tesla's Solar Sales Are Slipping
  • 3 days Auto Industry To Get Temporary Tariff Relief
  • 4 days Welcome To The World’s Biggest Free Trade Area
  • 4 days Central Banks Are Stockpiling Gold At The Fastest Rate In Half A Decade
  • 4 days U.S.-China Impasse Threatens Rare Earth Trade
  • 4 days Wall Street Bears $1 Trillion Brunt Of Trade War
  • 5 days Mobile Sports Betting Isn’t Quite Minting Millionaires Just Yet
  • 5 days The Marijuana Industry’s Shocking Secret
  • 5 days A Generational Shift Is Quietly Unfolding In The Mining Industry
  • 5 days Pentagon To Pay $6 Billion To Help Build Border Wall
  • 6 days Beijing Backlash: Stocks Slammed, Gold Boosted
  • 6 days Market Sentiment At Its Lowest In 10 Months
  • 6 days Trader Compares Current Market Environment To 2007
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On USDCHF And GOLD

USDCHF

USDCHF seems to be on a high probability to trace out black wave 3 with possible resistance around 0.9730 level, from where we expect a pullback to around 0.9655 zone, where wave iv of a lesser degree can react as a support and a turning point. When wave 4 unfolds we expect more upward price action in the final wave 5.

Invalidation level is at 0.95904- as long as it holds, we are looking bullish.

USDCHF, 1H

USD/CHF 1-Hour Chart


GOLD

Looks like Gold completed its corrective pullback, as price made a nice intraday break above upper channel line, which usually indicates that more gains can be coming. Invalidation level is at latest lows at 1.276, as long as price trades above this level, we are looking to the upside.

GOLD, 1H

Gold 1-Hour Chart

 


Are you also wondering where is the USDCHF and GOLD 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