Analyst news

• XAUUSD: Elliott wave analysis and forecast for 29.12.23 – 05.01.24

  29-12-2023 13:05 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 2014.46 with a target of 2220.00 – 2300.00.Alternative scenario: breakout and consolidation below the level of 2014.46 will allow the pair to continue declining to the levels of 1954.80 – 1889.05.Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with the first wave 1 of (5) formed as its part. Apparently, a desc
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 29.12.23 – 05.01.24

  29-12-2023 12:35 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 67.90 with a target of 81.80 – 85.15.Alternative scenario: breakout and consolidation below the level of 67.90 will allow the asset to continue declining to the levels of 55.00 – 45.00.Analysis: a downside correction presumably continues developing as second wave of larger degree (2) on the daily time frame, with waves A of (2) and B of (2) completed as its parts. Wave С of (2) started developing on the
  
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