Elliott Wave Analysis: EURGBP and GOLD 

intraday Gold analysis

Gregor - Author BIO photoEURGBP

EURGBP is also moving up this week, but recovery can be corrective from Feb 13 low. We are observing wave 2 which can be looking for a reversal around 61.8% Fib. level after an ending diagonal in subwave c.


intraday eurgbp



We see gold in bullish leg that can break above 1244.54 very soon after recent push out of a downward corrective channel. Also, rise from 1216 is sharp so probably impulsive, which means we will look up as long as this low stays in place.

GOLD, 1h

intraday Gold analysis




By Gregor Horvat


Find more: Contributing Authors

Leave a Comment

Broker Cyprus TopFX