Intraday Elliott Wave Analysis For GOLD And OIL

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GOLD is still trapped between 1231 bearish and 1270 bullish zone, but because of only three wave fall from 1278 we expect a continuation higher, back to the highs; ideally from current levels while 1239 holds.
GOLD 1h Elliott Wave Analysis

Gold Intraday Elliott Wave Analysis

Crude oil is now at the upper side of a weekly trading range, approaching 95.58 region but a triangle that we are tracking suggests another pullback down to 96.50/80 trend-line before pattern can be complete. This would then be ideal scenario, but in any case we believe that sooner or later new swing high will occur.
Oil (Mar 2014) 1h Elliott Wave Analysis

OIL Intraday elliott wave analysis

Written by www.ew-forecast.com

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