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| Gold V.1.3.1 signal Telegram Channel (English) |
Source: cnn.com
The short‑term Elliott Wave view in Gold (XAUUSD) shows that the yellow metal has completed a three‑swing correction from the April 17, 2026 high. The pullback unfolded as a zigzag, with wave A ending at $4499.92 and wave B at $4773.58. Gold then declined in wave C to $4365.13, completing wave (2) as seen on the one‑hour chart. This level sits inside the key support zone, where wave C equals the 100%–161.8% Fibonacci extension of wave A. The broader support area spans $4137–$4380.
Over the past three trading days, USDJPY has swung higher, closing at 159.306 yesterday, supported by eased US-Iran tensions and robust Japanese economic data. The dollar experienced some pullback from a 7-week peak, reflecting short-term market caution about US economic outlook. For the average investor, this means USDJPY remains in a bullish trajectory but with underlying volatility due to mixed geopolitical and economic forces. Key upcoming Japanese inflation and retail data could sway near-term momentum. Overall, the market mood blends cautious optimism with tactical opportunities as traders watch critical support and resistance levels closely.
Shares of discount retailer Dollar General (NYSE:DG) jumped 6% in the afternoon session after its rival, Dollar Tree, reported strong first-quarter results and raised its full-year profit outlook, sparking a rally in the discount retail sector.
Gold is a great buy for investors concerned about U.S.-dollar-denominated assets.
Source: pbs.org
The report showed that prices have risen for many items in addition to gas, a sign inflation could persist and pose problems for congressional Republicans in this year’s midterm elections. Source: adn.com
The dynamic is emblematic of how business is seeking to sow favor with the president in his second term, and has departed from the norms of big business philanthropy.
West Texas Intermediate (WTI) oil price extends its losses for the third successive day, trading around $87.20 per barrel during the Asian hours on Friday.
Shares of power resiliency solutions provider American Superconductor (NASDAQ:AMSC) fell 8.5% in the morning session after the company reported mixed first-quarter results that were overshadowed by a disappointing earnings forecast for the upcoming second quarter.
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| Gold V.1.3.1 signal Telegram Channel (English) |