WTI Crude Oil: Elliott wave analysis and forecast for 07.06.24 – 14.06.24

Main scenario: consider short positions from corrections below the level of 80.85 with a target of 63.77 – 55.00. Alternative scenario: breakout and consolidation above the level of 80.85 will allow the asset to continue rising to the levels of 87.80 – 94.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree (2) on […]

XAUUSD: Elliott wave analysis and forecast for 07.06.24 – 14.06.24

Main scenario: consider long positions from corrections above the level of 2310.36 with a target of 2500.00 – 2560.00. Alternative scenario: breakout and consolidation below the level of 2310.36 will allow the pair to continue declining to the levels of 2154.83 – 2019.86. Analysis: the fifth wave of larger degree (5) is forming on the daily chart, with […]