Elliott Wave Forecast Team
ElliottWave-Forecast.com
From an Elliott Wave perspective the price action looks nice and clean on several markets, for possible trading set-ups, but unfortunately not much on the FX. I am looking gold, and tracking short-term bullish wave pattern. Current minor pull-back could be wave four, with wave five in view. For any long scalps, keep an eye on 1297 for invalidation-stop level.
GOLD 1h
Oil is also looking bullish, but on 15min chart this time where five waves from the low suggest that price will travel higher in the near-term. Any longs here should have stops at the lows. First support of interest comes in at 103.50-103.70.
OIL 15min
Trade Well,
Grega
GOLD 1h
Oil is also looking bullish, but on 15min chart this time where five waves from the low suggest that price will travel higher in the near-term. Any longs here should have stops at the lows. First support of interest comes in at 103.50-103.70.
OIL 15min
Trade Well,
Grega
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