Gold has resumed higher in wave 5. The rally from Aug 1 is impulsive and while dips stay above there, the metal can extend higher.

EURUSD shows incomplete sequence from Feb 2018 high favoring further downside. This article and video show the Elliott Wave path.

DAX has reached 100% extension area in 3 waves from July 4 high and can see support soon. This article and video show the Elliott Wave path.

Elliott Wave view suggests FTSE ended a double three correction in wave ((ii)) on July 25 low (7464.50). We can see from the chart below the internal of wave ((ii)) as a double three. Wave (w) ended at 7475.49, wave (x) ended at 7598.60, and wave (y) of ((ii)) ended at 7464.50. After ending wave […]

Since Prime Minister Theresa May announced she stepped down from leadership position, the market has started to adjust the expectation for a hard Brexit scenario. Selling pressure on Poundsterling has intensified as the new prime minister hopefuls Boris Johnson and Jeremy Hunt adopted a hardline approach. Under the previous leadership of Theresa May, market previously […]

Gold shows an incomplete sequence from August 16, 2018 low favoring further upside. Near term, pullback to 1385.34 ended wave (4). The yellow metal has resumed higher in wave (5). Internal of wave (5) is unfolding as a 5 waves impulse Elliott Wave structure. Up from 1385.34, wave 1 ended at 1427.16 and wave 2 […]