Elliott Wave Analysis: GOLD and SP500 Intraday
S&P futures market reversing from the highs, but current downward leg can be part of a complex correction with support for wave c seen at 38.2 and 50% fib. levels. 1384 remains critical level; trend bullish above it.
S&P Futures (June 2014) 1h Elliott Wave Analysis
That's deep pullback on GOLD from 1306 but because of overlaps and seven legs we see this move as corrective; ideally a double zigzag. Watch for a push above the trendline and 1297 swing that will confirm further bullish swings, back to 1306.
GOLD 1h Elliott Wave Analysis
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