Elliott Wave Analysis

Elliott Wave Live: Gold At New ATHSep 2, 2025

Good day and week to everyone, I hope you had a wonderful weekend.

FX was a bit slow yesterday due to holidays in the US and Canada, but we have seen some interesting price action to work with this week, after the dollar reversed lower at the end of last week, and it looks like we could see a continuation closer to the July lows on the Dollar Index. That would keep other assets in uptrend, metals in particular, which made a very powerful breakout from the summer consolidation. I think metals can do well after pullbacks, until the Dollar Index completes this bearish trend, with subwave C of five still in progress and plenty of room to continue lower within the ending diagonal pattern this month. What’s probably most important for this week is Friday’s NFP report; as Fed is possibly going to cut rates this month, and Powell already mentioned at Jackson Hole that he sees risks in jobs and unemployment. If the data confirms that view, markets will be even more convinced that cuts are coming.

For more analysis, check our webinar below where I also looked at bitcoin, ethereum, gold, dax on lot more.

Grega

Become a premium member

Get daily Elliott Wave updates for US Single Stocks, SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.

Register and look inside of our members area

Elliott Wave Live

Gold At New ATH

Read More

Funded Trader Program

Trade our money and collect the profits.

Read More

Learn Elliott Waves

Access to more than 7 hours of educational material

Read More

Forex

EURAUD: Are Bears Back?

Read More

Do you find this interesting? Subscribe to our newsletter and stay up to date.

In our newsletter you will find all the news and macro reports about Forex, Crypto, Commodities and more. Don't miss a thing!

    DISCLAIMER

    Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

    The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

    Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

    By continuing to use the site, you agree to the use of cookies. Learn more.

    The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

    Close