• 854 days Will The ECB Continue To Hike Rates?
  • 854 days Forbes: Aramco Remains Largest Company In The Middle East
  • 856 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,256 days Could Crypto Overtake Traditional Investment?
  • 1,261 days Americans Still Quitting Jobs At Record Pace
  • 1,263 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,266 days Is The Dollar Too Strong?
  • 1,266 days Big Tech Disappoints Investors on Earnings Calls
  • 1,267 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,269 days China Is Quietly Trying To Distance Itself From Russia
  • 1,269 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,273 days Crypto Investors Won Big In 2021
  • 1,273 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,274 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,276 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,277 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,280 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,281 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,281 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,283 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On GOLD And EURUSD

GOLD

Gold is higher at the moment after earlier three wave drop which appears to a completed corrective set-back that is now pointing up to 1288 equality level, but ideally this is going to be a sharp leg up into black wave 3 towards 161.8% placed near 1300. Invalidation level is at 1256; we are bullish as long as it holds.

GOLD, 1H

Gold 1-Hour Chart


EURUSD

EURUSD found some intraday support earlier around 1.1375 where we think pair might completed wave B so we stay bullish for that important 1.4080 level; NFP spike that can be retested before real strong bearish price action comes in play. We might be interested in shorts around that area.

EURUSD, 1H

EUR/USD 1-Hour Chart
Larger Image

 


Are you also wondering where is GOLD or EURUSD headed Long-term? We have special daily updates for active traders. For more details, visit our page at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment