OIL traders added another 5% on their gains on Wednesday as the upside progression extends. Will it complete the first part of a simple zigzag or is wave (4) completed down at $95/bbl already?
GOLD rose some 1.20% but its structure suggests the commodity is consolidating and not breaking out its sideways range. Despite ending the correction implies more upside. another leg down is possible before the potential $2k+ move.
CABLE closed 0.40% lower yesterday after completing a 5-wave upward move. Its momentum suggests a correction is likely, followed by another leg up to print a simple zigzag in correction wave 2. Will it be as extended to the downside as its structure suggests or are we in for a reversal?
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Daily Elliott Waves Forecast: USOIL, GOLD, GBPUSD (24.03.22)
OIL traders added another 5% on their gains on Wednesday as the upside progression extends. Will it complete the first part of a simple zigzag or is wave (4) completed down at $95/bbl already?
GOLD rose some 1.20% but its structure suggests the commodity is consolidating and not breaking out its sideways range. Despite ending the correction implies more upside. another leg down is possible before the potential $2k+ move.
CABLE closed 0.40% lower yesterday after completing a 5-wave upward move. Its momentum suggests a correction is likely, followed by another leg up to print a simple zigzag in correction wave 2. Will it be as extended to the downside as its structure suggests or are we in for a reversal?
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
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