• 937 days Will The ECB Continue To Hike Rates?
  • 938 days Forbes: Aramco Remains Largest Company In The Middle East
  • 939 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,339 days Could Crypto Overtake Traditional Investment?
  • 1,344 days Americans Still Quitting Jobs At Record Pace
  • 1,346 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,349 days Is The Dollar Too Strong?
  • 1,349 days Big Tech Disappoints Investors on Earnings Calls
  • 1,350 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,352 days China Is Quietly Trying To Distance Itself From Russia
  • 1,352 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,356 days Crypto Investors Won Big In 2021
  • 1,356 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,357 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,359 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,360 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,363 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,364 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,364 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,366 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