HomeContributorsTechnical AnalysisGold and USDCNH - Elliott Wave Analysis

Gold and USDCNH – Elliott Wave Analysis

Elliott Wave Financial Service
By Elliott Wave Financial Service

Gold is on the rise, now breaking well above the downward channel that put more bulls in play.. We see a very strong rise so it’s part of a third leg up that can be headed to 1208/1210 area. At the same time we see USDCNH falling aggressively lower, probably into wave C that may starting to accelerate after that broken neckline which may cause more bulls for Aussie and GOLD.

Start Trading
Start Trading
Start Trading
Start Trading

Get daily and weekly ActionForex analysis and key releases on our Telegram channel.

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Latest Analysis

Load more

Learn Forex Trading