What’s coming next in EUR/USD, SPX500, XAU/USD and EUR/GBP – Elliott Wave game plan [Video]

Juan Maldonado Elliott Wave Street

Our market updates provide traders with professional-level insights into future price movements, utilizing Elliott Wave Theory. This week, we analyze four key markets: EUR/USD, EUR/GBP, SPX 500, and XAU/USD. Here’s what we see coming next.

EUR/USD – Critical levels approaching

The EURUSD has been completing a complex wave structure. Based on the current count, we expect a decisive move soon, either a bullish breakout or a continuation of the bearish trend. Traders should pay close attention to key support and resistance levels outlined in the video.

EUR/GBP – Potential breakout ahead

This pair has been in a consolidation range, but internally, wave patterns are suggesting an imminent breakout. We've identified a potential impulsive wave forming, which could offer a great opportunity with limited risk.

SPX500 – Don’t let the rally fool you

While the index appears strong, our Elliott Wave count suggests that we may be within a larger corrective phase. It's essential to remain cautious and wait for confirmation before jumping in. This could be a trap for late buyers.

XAU/USD – Preparing for a move

Gold has been under pressure, but the current corrective structure could be paving the way for a new directional wave. We highlight the precise levels at which momentum could shift and where traders should prepare for action.

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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