GOLD & German DAX – Intraday Elliott Wave Analysis


Gold made five waves up in a, so recovery should move even higher in sessions ahead as corrective structures are made by minimum three waves. Currently we see price moving sideways, so it’s probably wave b that can be looking for a support around 1085.
GOLD 1h Elliott Wave Analysis

gold july 282 0215 intrady

German Dax is still in a deep pullback mode but it’s possible to count a three wave set-back from the high, which is a contra-trend pattern; a zigzag that can be looking for a support around 11000 area this week. As such, new bounce could follow, ideally in impulsive fashion back towards 11480 bullish level, where overlap would confirm a bullish turn for the index.
DAX (Sep 2015) 1h Elliott Wave Analysis

dax july 282 0215 intrady

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.