• 728 days Will The ECB Continue To Hike Rates?
  • 728 days Forbes: Aramco Remains Largest Company In The Middle East
  • 730 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,130 days Could Crypto Overtake Traditional Investment?
  • 1,135 days Americans Still Quitting Jobs At Record Pace
  • 1,137 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,140 days Is The Dollar Too Strong?
  • 1,140 days Big Tech Disappoints Investors on Earnings Calls
  • 1,141 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,143 days China Is Quietly Trying To Distance Itself From Russia
  • 1,143 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,147 days Crypto Investors Won Big In 2021
  • 1,147 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,148 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,150 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,151 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,154 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,155 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,155 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,157 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: EURUSD and GOLD

EURUSD

On the intraday chart of EURUSD we are looking at a nice fall taking place, from around the 1.0778 region, from where the previous five wave impulse ended. As such the broken lower channel line is an indication for a completed impulse, and an indication for a three wave move to be in progress. Current fall may find its region of support around the 38.2/61.8 Fibonacci ratio.

EURUSD, 1H

EUR/USD 1-Hour Chart


GOLD

On the updated chart of GOLD we still see a five wave move to the upside being made within wave C, as part of a three wave correction. If price trades as expected, then we may see some resistance take place, around the 1236 level, where previous wave 4) can act as a turning point lower.

GOLD, 1H

Gold 1-Hour Chart

 


Visit our website and Get more charts and forecasts with free access through 14-Day Trial Offer
You can also follow us on twitter @ewforecast
www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment