Google stock (GOOGL) approaches historic peak, $336 in sight [Video]

Elliott Wave Forecast Team ElliottWave-Forecast.com

The short-term Elliott Wave view in Google (GOOGL) indicates that the stock is progressing within the final wave ((5)) of the impulsive rally that began from the April 2025 low. Wave ((4)) of this sequence concluded at $270.1, as reflected in the 45-minute chart. Following that completion, the stock resumed its advance toward new all-time highs, unfolding wave ((5)) as a five-wave impulse of lesser degree. From the termination of wave ((4)), wave (1) reached $293.95, while the corrective pullback in wave (2) settled at $278.2. The structure then nested higher into wave (3), reinforcing the bullish momentum.

From wave (2), wave 1 advanced to $306.42, followed by a modest dip in wave 2 that ended at $286.05. The third wave extended strongly, culminating at $332.98, before a corrective decline in wave 4 brought prices down to $317.65. The expectation now is for the stock to extend higher once more, completing wave 5 and thereby finalizing wave (3) of the larger degree. Afterward, a corrective phase in wave (4) should emerge, setting the stage for another rally in wave (5). This final advance would complete wave ((5)) and the broader cycle from the April 2025 low.

In the near term, as long as the pivotal support at $270.1 remains intact, dips are anticipated to find support within the typical three, seven, or eleven swing corrective structures. This suggests that the broader outlook continues to favor further upside, with each corrective phase offering opportunities for continuation of the bullish trend.

Google (GOOGL) 45-minute Elliott Wave chart from 11.25.2025

GOOGL Elliott Wave [Video]

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

EUR/USD weakens to four-week lows near 1.1750

EUR/USD’s selling pressure is gathering pace now, approaching the area of multi-week troughs in the mid-1.1700s on Thursday. The pair’s intense decline comes on the back of another day of solid gains in the US Dollar, particulalry exacerbated following firm prints from the weekly US labour market.

GBP/USD drops further, hovers around 1.3460

In line with the rest of its risk-linked peers, GBP/USD faces increasing selling pressure and recedes toward the 1.3460 region, or four-week lows, on Thursday. Cable’s persistent pullback comes in response to the continuation of the recovery in the Greenback amid a solid US data and a divided FOMC when it comes to the Fed’s rate path.

Gold clings to daily gains near $5,000

Gold struggles for direction and clings to its daily gains around the key $5,000 mark per troy ounce on Thursday. The precious metal sticks to the bid bias amid reignited geopolitical tensions in the Middle East and despite marked gains in the US Dollar and rising US Treasury yields across the curve.

Ripple slips toward $1.40 despite SG-FORGE tapping protocol for EUR CoinVertible

XRP extends its decline, nearing $1.40 support, as risk appetite fades in the broader market. SG-FORGE’s EUR CoinVertible launches on the XRP Ledger, leveraging the blockchain’s scalability, speed, security, and decentralization.

Hawkish Fed minutes and a market finding its footing

It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and consumer discretionary, while utilities and real estate posted the largest losses.

Injective token surges over 13% following the approval of the mainnet upgrade proposal

Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments.