Elliott Wave Analysis: GOLD and EURUSD Intraday
EURUSD is moving sideways within wave b) so our view here is unchanged. We are looking for a push up into wave c), third leg of recovery that may reach 1.3774 in this week before market turns down again.
EURUSD 1h Elliott Wave Analysis
Traders, did you know that triangle can also occur within a triangle pattern?! I am observing such situation on gold within wave e) final leg of a big triangle in wave (b). Notice that the price action is still sideways so this count makes sense, but it does not change our interpretation. We still expect a break to the downside, but maybe after another 1300 test.
GOLD 1h Elliott Wave Analysis
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