Gold Favored Higher Against 1306.96

by elliottwave-forecast.com | February 20, 2018 12:13 pm
Gold Short Term Elliott Wave view suggests that Intermediate wave (X) ended with the decline to 1306.96. Up from there, the yellow metal is rallying in 5 waves impulse Elliott Wave structure where Minutte wave (i) ended at 1337, Minutte...

Gold Price Is Facing Triangle Pattern Resistance

by ForexCycle.com | January 22, 2018 10:31 am
XAUUSD is facing the resistance of the upper trend line (now at around 1343.00) of the triangle pattern on its weekly chart once again. Being contained by the trend line, the gold price pulled back from 1344.65....

Gold is Ready for New Rally

by elliottwave-forecast.com | January 5, 2018 3:44 pm
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...

Gold Price Moved In Price Channel On 4-hour Chart

by ForexCycle.com | October 30, 2017 9:07 am
XAUUSD moved within a bearish price channel on its 4-hour chart, indicating that the price remains in the downtrend from 1305.98. Near term resistance is at the top of the channel now at around 1278.50. As long...

Gold Elliott wave view: Double three

by elliottwave-forecast.com | October 27, 2017 10:41 am
Short term Gold Elliott Wave view suggests that the rally from 10/06 low (1260.52) to 10/16 peak (1306.35) ended intermediate wave (X) then the decline from there is unfolding as a a double three Elliott wave structure. As the...

DJ Commodity Index is supporting Higher GOLD

by elliottwave-forecast.com | October 12, 2017 11:34 am
The Dow Jones Commodity Index is a broad measure of the commodity futures market that emphasizes diversification and liquidity through a equal-weighted approach. It doesn’t allow any sector to make up more than 33% of its portfolio...

Gold Price Forming Triangle Pattern On Weekly Chart

by ForexCycle.com | October 4, 2017 4:55 am
XAUUSD stays below a bearish trend line now at around 1291.35 on its 4-hour chart and remains in the downtrend from 1357.45. As long as the price is below the trend line, the downtrend could be expected...

Gold: Often, Simple Forecasting Tools Are All You Need

by ForexCycle.com | September 22, 2017 2:12 am
By Elliott Wave International 3 Videos + 8 Charts = Opportunities You Need to See. Join this free event hosted by Elliott Wave International and you’ll get a clear picture of what’s next in a variety of...

Gold Price Moved Below Major Support Trend Line

by ForexCycle.com | September 21, 2017 11:27 am
XAUUSD failed to break above the descending trend line from 1357.45 to 1334.29 on its 4-hour chart and extended its downside movement to as low as 1293.25. On the daily chart, the XAUUSD pair moved below a...

Gold Price Is Facing Trend Line Support

by ForexCycle.com | September 18, 2017 10:37 am
XAUUSD stays below a bearish trend line on its 4-hour chart and remains in the short term downtrend from 1357.45. As long as the price is below the trend line, the downside movement could be expected to...