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Euro Forecast: EUR/USD Outlook Improves as German Bund Yields Rise
2021-02-28 02:00:00
Euro Technical Outlook: EUR/USD and EUR/GBP Prices and Forecasts
2021-02-27 04:00:00
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Crude Oil Price Forecast: Do the Charts Hint at a Pullback?
2021-02-27 17:00:00
Canadian Dollar Forecast: USD/CAD Price Hangs on Reflationary Market Sentiment
2021-02-27 08:00:00
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Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
2021-02-27 11:00:00
Dow Jones Falls on Rising Yields, ASX 200, Nikkei 225 Tumble
2021-02-26 01:30:00
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Gold Price Forecast: XAU Tanks Hard as Yields, Inflation Fears Climb
2021-02-27 20:00:00
Gold Price Forecast: Gold Breakdown Accelerates – XAU/USD Bulls Done?
2021-02-26 20:00:00
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British Pound Technical Outlook: GBP/USD Signals More Losses Ahead
2021-02-27 23:00:00
GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Reversal, Now What?
2021-02-26 16:00:00
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US Dollar Outlook: FX Volatility Ramps as Bond Selloff Intensifies
2021-02-25 23:22:00
US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
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Gold Sheds 6% in May but Rests on Edge of Cliff

Gold Sheds 6% in May but Rests on Edge of Cliff

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gold_body_gold.png, Gold Sheds 6% in May but Rests on Edge of Cliff

Prepared by Jamie Saettele, CMT

“The sideways trade since 5/16 may be a triangle. The implications are for several more sharp swings between recent extremes before a break to a fresh low. From a trading standpoint, trading in the middle of a correction is never a good idea (least amount of clarity).” Look lower from here as the triangle appears to be in its latter stages.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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