• 11 hours Trade In Counterfeit Goods Hits Half A Trillion Dollars
  • 17 hours Tesla Struggles To Compete In European Market
  • 1 day China: The New King Of Caviar
  • 2 days Gold Mid-Tiers Rally On Fresh Earnings Reports
  • 2 days Can The British Pound Overcome Brexit?
  • 3 days Is A Gold Breakout Near?
  • 3 days Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes
  • 4 days Disney Beats Out Comcast In $71.3B Mega-Merger
  • 4 days The Feds Continue To Prop Up Equities Markets
  • 4 days Bejing's Sway In South China Sea Is Fading
  • 4 days Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 5 days Airbnb In Acquisition Mode Ahead Of IPO
  • 5 days Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 5 days Champagne Sales Slow As European Economic Worries Grow Louder
  • 5 days Putin Signs “Digital Iron Curtain” Into Law
  • 6 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 6 days Tesla Looks To Jump Into Indian Market
  • 6 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 6 days Homeowners Experiment With Risky New Investment Trend
  • 7 days U.S. Tech Stocks Look Increasingly Vulnerable
Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

  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