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According the Elliott Wave Theory Gold is completed wave 4 and start wave 5 in weekly timeframe. In order to identify the begging of the wave 5 we need on reversal pattern. There is one Head & Shoulders and if the price breakout the neckline the pattern will be active.

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WTI create a head & shoulders pattern. If break out the neck line, then pattern is active and according the theory the price will go down. If we examin the momentum (MACD) we can found at least two divergences.

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WTI : Elliott Wave in forth correction with double bottom pattern

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WTI completed one ending diagonal. According the theory, the price has to go in the top - beginning price - of ending diagonal.

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S&P 500 , Reverse Head&Shoulders Patterns in short term period. After the red horizontal trend line is active it.

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The Head & Shoulders reversal formation was activated at the EURUSD exchange rate. The price will move in the extensions of 161.8% to 200%, which means that Euro is going to fall and Dollar will be decreased. One scenario is that the increase on the dollar will discount the short-term rise in interest rates.

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A double bottom formation (yellow) has been activated in natural gas. According to this theory, the price will moveon the levels of 161.8% to 200% on Fibonacci extension. In this scenario the wider double bottom formation (in red) will be activated. Based on the largest formation, the price will move to the levels of 161.8% to 200% (red Fibonacci)

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GBPUSD has activated one reversal pattern, Head&Shoulders. According the theory the price has to move in 161.8% or 200% on the fibonaccci extentions. The momentum is under zero and the price action has changed.

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According the following Elliott Wave Analysis,S&P500 completed an over extended wave 5 (daily chart) and propably complete a wave 3 in monthly chart. We have to confirm this analysis with the activation of ending diagonal. We will have the activation by breakout the horizontal line.