Gold is Ready for New Rally
Gold closed above $1,300 per ounce for the first time in 5 years as the U.S. dollar saw it’s worst decline over the past 14 years. Despite a strong start in 2017, XAUUSD spent most of the year in a sideways...
Tag: Metals
Gold Soars Above $1300 as Concerns Mount
Gold has tested $1300 level 3 times since April and it finally broke above the level on Monday and rose to the highest level this year. The trigger of the break seems to be the North Korea...
Gold Elliott Wave View: 5 Waves Up
Gold Short Term Elliott Wave suggests that the rally from 8/15 low is unfolding as a zigzag. The first leg Minor wave A is subdivided as an impulse. Minute wave ((i)) of A ended at 1300.83, Minute wave ((ii)) of A...
Gold Elliott Wave View: More Upside
Short term Gold (XAUUSD) Elliott Wave view suggests that rally from 7/10 low is unfolding as a a double three Elliott wave structure. Up from 7/10 low (1204.69), Minor wave W ended at 1274.11 and pullback to 1251.27 ended Minor...
XAUAUD Mid-term Elliott Wave Analysis
Back in November 2016, we mentioned that Gold should find buyers in 1540 – 1487 area and bounce ideally to resume the rally for new highs or in 3 waves at least. 3 weeks later, XAUAUD reached the mentioned...
Palladium XPDUSD Elliott Wave Impulse
In our previous article, we talked about the Bullish Palladium XPDUSD which is supporting the commodity market for another leg to the upside. To be able to join for the move higher, we need to identify the potential scenarios and...
Gold-to-Silver Ratio Near Turning
Gold-to-Silver Ratio Daily Chart Gold-to-Silver ratio is correcting cycle from 2/29/2016 peak (83.68) in 7 swing. While the bounces fail below 83.68 high, the ratio should resume lower or at least pullback in 3 waves. Down from...
Bullish Palladium Supporting Commodities
The world is hooked on ‘Palladium’ because of its uses as an industrial metal and catalyst, the consumers are mainly automobile producers as it’s widely used in gasoline-based engine cars to curb harmful emissions from vehicles. Palladium...
Randgold Resources Short Term Bullish Sequence
Randgold Resources (NASDAQ: GOLD) was founded 22 years ago in 1995, it’s a gold mining business operating in Africa mainly in Mali. The price of Gold & Silver dropped significantly early this month which put a lot of pressure...
Gold short term weakness likely
Gold to Silver Ratio Daily Elliott Wave Chart Daily chart of Gold-to-Silver ratio above suggests that the ratio is correcting cycle from 2/29/2016 peak (83.68) before the decline resumes later, provided that pivot at 83.68 high stays...