• 821 days Will The ECB Continue To Hike Rates?
  • 822 days Forbes: Aramco Remains Largest Company In The Middle East
  • 823 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,223 days Could Crypto Overtake Traditional Investment?
  • 1,228 days Americans Still Quitting Jobs At Record Pace
  • 1,230 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,233 days Is The Dollar Too Strong?
  • 1,233 days Big Tech Disappoints Investors on Earnings Calls
  • 1,234 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,236 days China Is Quietly Trying To Distance Itself From Russia
  • 1,236 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,240 days Crypto Investors Won Big In 2021
  • 1,240 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,241 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,243 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,244 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,247 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,248 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,248 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,250 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: GOLD and EURAUD

GOLD is trading higher, but rise from recent low of wave A) is in three wave so ideally metal is in late stages of B) now which may stop at current 1280-1282 zone. A drop back below 1270 would be a strong indication that wave C) is underway.

GOLD, 1H

Gold 1-Hour Chart

EURAUD is at the lows, so it appears that correction is still not here as current leg down represents wave 5 of A) after recent triangle formation in wave four. As such, we may have to wait a little bit longer before market makes a new tradable decline lower into C) wave. That said, we are waiting on that three wave rise up into wave B) before we may look for bearish ideas.

EURAUD, 1H

EUR/AUD 1-Hour Chart

 


Interested in our services ? We have a Special Offer : Get 2 Months For Price of 1!! Grab the opportunity now at www.ew-forecast.com

Also, check our latest video analysis on GBPUSD, EURUSD and USD Index. Click here https://www.youtube.com/watch?v=wRZgeCOo03E&feature=youtu.be

 

Back to homepage

Leave a comment

Leave a comment