• 256 days Will The ECB Continue To Hike Rates?
  • 257 days Forbes: Aramco Remains Largest Company In The Middle East
  • 258 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 658 days Could Crypto Overtake Traditional Investment?
  • 663 days Americans Still Quitting Jobs At Record Pace
  • 665 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 668 days Is The Dollar Too Strong?
  • 668 days Big Tech Disappoints Investors on Earnings Calls
  • 669 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 671 days China Is Quietly Trying To Distance Itself From Russia
  • 671 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 675 days Crypto Investors Won Big In 2021
  • 675 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 676 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 678 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 679 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 682 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 683 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 683 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 685 days Are NFTs About To Take Over Gaming?
Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  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