Government and corporations around the world continue to accumulate unsustainable debt. Since it’s unthinkable for developed countries such as the United States to default on the obligation, the only way out of this situation is to continue...
$GLD Elliott Wave Analysis and Long Term Cycles Firstly the GLD ETF fund is one of the largest as well as one of the oldest Gold tracking funds out there since it’s inception date of November 18,...
Elliott wave view in Gold ticker symbol: $XAUUSD suggests that the correction lower approximately towards $1801- $1669 area or a deep test of the 24 September 2020 low should be taking place. Right now, the bounce from...
By Elliott Wave International You may recall investor optimism that attended gold’s then record high of $1921.50 in September 2011. A Gallup poll from that time period captured the prevailing sentiment. The Sept. 2, 2011 Elliott Wave...
AUG( Gold/Silver Ratio), Showing A Five Waves From 03.18.2020. The Ratio between Gold/Silver ( AUG) is a very good indicator of where the market is heading and especially the $USDX trade. The Ratio reached the extreme blue...
Elliott Wave view of Gold (XAUUSD) suggests the decline from September 1 high is unfolding in impulsive Elliott Wave structure. Down from September 1 high, wave ((i)) ended at $1915.8, and bounce in wave ((ii)) ended at...
By Elliott Wave International Fibonacci numbers follow a sequence that begins with 0 and 1, and each subsequent number is the sum of the previous two (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, and...
Gold 1 hour chart below shows that the metal has ended the cycle from July 6 low in wave 3 at 1981.20 high. The metal has now broken to new all-time high above September 2011 high. The...
Gold has finally broken to a new record high this week, confirming the secular bull market has resumed. We know it’s a matter of time as it has made a new all time high to almost all...
By Elliott Wave International Recently in these pages, we noted that bull markets in stocks tend to end with “a subtly slowing ascent” rather than with a final “spike” higher, as many investors believe. Historical examples were...
