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Amega Global Ltd is an investment company authorised and regulated under the Financial Services Commission, Mauritius, Investment Dealer Licence: GB22200548. Findeavour Ltd is authorised as a technology service provider to Amega Global Ltd. Company number 12971852, United Kingdom.
No services are provided to residents or citizens of the USA, North Korea, Iran, Mauritius and the Russian Federation. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosure Policy before investing.
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Daily Elliott Wave Forecast: GOLD, EURUSD, GBPUSD (20.01.22)
GOLD closed 1.50% higher yesterday and is poised to move towards $1850 on the back of a double zigzag pattern. With the upward movement looking more like a correction, another leg down can be expected to complete the long-waited triangle.
EURO continues to descend in what seems to be an impulsive leg towards fresh lows, however, still early in that process. As it still corrects, it trades nearly 0.50% above its most recent swing low but looks limited to $1.14 for now.
POUND moves similar to its European counterpart but on an intraday basis is overshadowed by yesterday’s session. Despite trading 0.50% above its support at $1.3573 too, if it fails to get past $1.3650, it’ll most probably continue to fall towards $1.35 as part of a correction.
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