GOLD “Safe Haven Asset” Eyes More Upside: Elliott Wave Analysis

in #elliottwave • 3 years ago

Gold is coming sharply the upside as a "safe haven" asset based on the latest US-Russia tensions. Higher inflation is also one of the reasons for higher metals. Technically we see prices are coming up from 1780 in impulsive fashion now after 1854 was broken, so be aware of more upside in the near-term. Support for current sub wave 4 is at 1854 and 1841 area.

We are now tracking an ongoing impulse, with more upside after wave 4 setback. Support is at 1835-1840. Metal is now bullish on intraday chart as long as the market trades above 1810

GOLD 4h Elliott Wave Analysis

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#gold #metals #safehaven
3 years ago in #elliottwave by
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