Volatility in energy and metals is creating distinct Elliott Wave setups. : Currently unfolding an ABC zigzag rally . The short-term target is the extension area around $110.54 . Gold :
Equity markets are currently in a high-stakes "Wave 5" environment. : The index reached a new all-time high on April 22. ELLIOTT WAVE BLOG
Analysts from FXStreet indicate the current rally from late March is likely the fifth wave of a five-wave impulse. : Initial resistance is near , with a secondary equality measure at Volatility in energy and metals is creating distinct
As of , major indices and commodities are approaching critical Fibonacci clusters. After recent volatility, several assets are finishing corrective phases and setting the stage for their next impulsive moves. Equity Indices: S&P 500 & Nasdaq 100 Gold : Equity markets are currently in a
: The bullish structure remains valid as long as it holds above the support zone. Nasdaq 100 (NDX) : Current momentum is consistent with a final 5th wave. Projections suggest a potential peak near by late April. Commodities & Forex Highlights
Elliott Wave Outlook: Oil (CL) Zigzag Rally Targets $110 Area
Upside targets are set at , with 1.3620 serving as the critical invalidation level.
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This file last modified: Thu Jan 29 12:28:54 PST 2026.