Daily Elliott Waves Forecast: EURUSD, PALLADIUM, USDCHF (15.03.22)

15 March 2022 Amega

GOLD plummeted 5%, printing a bearish reversal after wave (B) of a flat pattern was completed. Wave (C), the final wave, is expected to be a 5-wave motive move. Can this send the #yellowmetal back to $1700/oz?

SPX soared 3.60%, inversely to the safehaven, but remains somewhat mixed in the medium-term. Its pattern looks bullish short-term, but an extended correction could be looming given the structural peculiarities.

Dollar printed its 3rd consecutive day of gain against yen for a total of 1% rise, and despite spiking an additional 0.20% this morning, it’s coming under pressure. Can it continue its ascend, reverse, or simply correct? With the triangle complete, the upside is more likely.

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