Daily Elliott Wave Forecast: EURUSD, WTI, GOLD (09.03.22)

9 March 2022 Amega

Euro rose 0.4% against the dollar yesterday, but its structure looks corrective. After losing some 4% in March, it seems that the completion of a sideways market would provide the final leg down. Will it turn before $1.10?

WTI kept rising, adding another 4% on its recent gains, but it seems to be turning sideways too. If guidelines are something to go by, crude call correct towards $110/bbl, but it would still have another leg up before reversing.

GOLD soared 3.60% yesterday and it’s currently somewhat muted. The main scenario has now been switched to a flat above $2037/oz. Can bulls push up above $2097/oz to confirm it’s irregular?

Amega

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