Elliott Wavetraders

Good morning all.. Metal start the week lower on positions adjustments ahead of China's Golden Week holidays. Gold margins rise from 15% to 18%, while silver margins rise from 21% to 24%. Temporarily! Then you add... FED hikes, and Trump who rejected Iran's proposal to reopen the Strait of Hormuz. And we have Gold back below 4180, and silver below 62. Silver testing some levels here

#AUDUSD Update RBA raised rates by 25 bp to 4.60% More importantly, the RBA explicitly keeps the door open to further hikes. It says recent inflation has been stronger than expected. But AUDUSD is down, with CPI tomorrow. If hot, get ready for a rebound. From an #Elliottwave perspective, pair came nicely down from fourth wave resistance, but we see pair now coming into some potential support down here at around 0.7 / 0.6980 #RBA

we have some nice rebound on stocks.. it was some classic stop hunt on ES_F at 7700 https://x.com/GregaHorvatFX/status/2105531436266815842

TGIF! & NFP! Just finished some updates for members @ wavetraders.com What’s important today: NFP is the key event. Strong data would give the Fed more room for further hikes, while weak data would likely push hike expectations even lower and could keep the dollar in a correction. 10-year US notes are coming out of a wedge, which indeed signals that some dollar setback would make sense. Stocks made a nice spike from yesterday’s lows and could be setting up for a recovery, unless NFP creates another mess. Crude oil remains trapped in a range and could get another retest of the 88 / $87 area. #crude #dxy #NFP #elliottwave

After last week's worse-than-expected US jobs data, FED hikes been pushed back for October, more chance for hold... for now. Can 10 year rally a bit more and USD pause? https://wavetraders.com/blog/elliott-wave-live-dollar-pullback-as-october-fed-hike-bets-fall-oct-5-2026/ C u later in our webinar 15CET https://youtube.com/live/dL3KKqZdbkE #Elliottwave

$GBPUSD The best patterns are clear patterns, those that can be recognized in seconds. I c one on cable, can retest the 2026 low #gbpusd #elliottwave