• 4 hours Hedge Funds Having A Banner Year
  • 7 hours Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 10 hours BHP Turns Bullish On EVs
  • 12 hours Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 1 day The $90M Inflatable Rabbit Redefining Modern Art
  • 1 day Huawei’s Fate In The Air
  • 1 day Tesla Slashes Prices Again
  • 2 days The Modern History Of Financial Entropy
  • 2 days Italy’s Central Bank Embraces Sustainable Investing
  • 2 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 2 days Researchers Push To Limit Space Mining
  • 3 days Could China Start Dumping U.S. Treasury Bonds?
  • 3 days Is Winter Coming For HBO?
  • 3 days Rise Of EVs Signals Peak Gasoline
  • 4 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 4 days Gold Mining Stocks Stuck In Limbo
  • 5 days Executive Order Targets Huawei Over Espionage
  • 5 days Why Now May Be The Best Time Ever To Hold Gold
  • 6 days Fake News Sinks Shares In UK-Based Bank
  • 6 days De Beers To Build $468 Million Diamond Recovery Ship
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  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