Elliott Wave analysis: EUR/USD, SPX500 and Gold [Video]

Juan Maldonado Elliott Wave Street

This week, the focus is on three key market assets: EUR/USD, the SPX500 index, and Gold (XAU/USD). By analyzing wave structure, accumulation zones, and key price levels, we can identify high-probability trading opportunities with a defined risk management approach.

EUR/USD
The corrective phase appears to have ended. The market is showing early signs of a bullish reactivation, suggesting the potential for Wave 3 — typically one of the strongest and most directional segments within the Elliott Wave framework. The goal is to position in favor of the upcoming impulsive move toward new highs.

SPX500
The index has confirmed the beginning of a new bullish cycle, supported by the formation of Wave 1. We anticipate a technical pullback, which could provide an optimal entry zone for long positions. The expectation is that the uptrend will continue as Wave 3 unfolds.

Gold (XAU/USD)
Gold has completed its Wave 4 correction and is now in its next impulsive bullish phase. If momentum continues, we may see further upside expansion in the coming sessions.

Key Trading Insight

It is advisable to trade in the direction of impulsive waves and avoid positioning against the trend during corrective phases. Recognizing where you are within the wave cycle can make the difference between a high-probability trade and an unnecessary risk.

Author

Juan Maldonado

Elliott Wave Street

Juan Maldonado has a University degree in Finance, and Foreign trade started his trading career in 2008. Since 2010 has been analyzing the markets using Elliott Wave with different strategies to spot high probability trades.

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