Gold XAU/USD & Silver XAG/USD Technical Analysis Elliott Wave Forecast

Overview: Gold is confirming its bullish trend now, silver has confirmed its trend higher.

Elliott Wave Gold: tracking two bullish Elliott wave counts.

Gold Trading Strategy: Long above 1800 

Peter Mathers tradinglounge

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Latest Forex Analysis

Editors’ Picks

EUR/USD: Steady above 1.2000 following Yellen’s U-turn, Fed’s Kashkari

EUR/USD struggles to extend corrective pullback from two-week low. US Treasury Secretary Janet Yellen reverses initial rate hike signals, Fed’s Kashkari marks inflation as the key catalyst. Bears catch a breather amid off in China, Japan and no major updates on risk catalysts.

EUR/USD News

GBP/USD: Teases upside break of immediate triangle around 1.3900

GBP/USD picks up bids around 1.3895, up 0.05% on a day, during Wednesday’s Asian session. The cable keeps recent recovery moves to challenge the immediate upside hurdle, namely 50-SMA and short-term triangle resistance.

GBP/USD News

ETH waits for no one, while art market goes crypto

Bitcoin price wavers at the 50-day simple moving average (SMA). Ethereum price 6-Week Rate of Change (ROC) indicator warns of extended conditions. Ripple price fumbles inverse head-and-shoulder bottom breakout with double-digit reversal.

More Crypto News

NZD/USD jumps over 20 pips toward 0.7200 on upbeat New Zealand Q1 employment report

NZD/USD takes the bids after the latest strong job report. New Zealand Unemployment Rate eased to 4.7% as Participation Rate and Employment Change grew more than forecast in Q1. Risk appetite dwindles amid mixed signals from Yellen, covid woes and vaccine optimism.

NZD/USD News

EUR/USD: Steady above 1.2000 following Yellen’s U-turn, Fed’s Kashkari

EUR/USD struggles to extend corrective pullback from two-week low. US Treasury Secretary Janet Yellen reverses initial rate hike signals, Fed’s Kashkari marks inflation as the key catalyst. Bears catch a breather amid off in China, Japan and no major updates on risk catalysts.

EUR/USD News

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