Daily Elliott Wave Forecast: GOLD, OIL, FTSE (15.02.22)

15 February 2022 Amega

GOLD continued to surge yesterday, registering nearly a 3% gain since last Friday on geopolitical escalations. Violating the $1877 resistance brings a new perspective to the game plan, but the structure remains unchanged for now: a triangle.

WTI maxed out below $95/bbl after soaring on the same merits as the yellowmetal, but its structure remains unchanged too. The invalidation of the irregular flat (B) wave is at $97. Can we get there and reverse or break through to $100?

UK’s FTSE lost nearly 3% of its value following a series of red days as it completed an ending diagonal shy off the 8k barrier. Will something change over the subsequent few sessions? For now, and below 7620, this short opportunity has a massive risk-to-reward ratio.

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