Gold: See What This Fibonacci Ratio Says About Trend
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...
Tag: GOLD
Elliott Wave View: Break to Record High in Gold Confirms Bullish Market
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...
Break to New All-Time High in Gold Confirms Bullish Market
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...
Gold and Oil: Be Aware of the “Spike”
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...
Elliott Wave View: Gold Extends Higher
Gold (XAUUSD) shows a higher high sequence from 6.5.2020 low favoring further upside. Up from 6.5.2020 low, the precious metal extended higher in wave 1 as 5 waves impulse Elliott Wave Structure. The rally in wave 1...
GOLD ( $XAUUSD ) Forecasting The Rally & Buying The Dips
Hello fellow traders. GOLD is another instrument that we have been trading lately . In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOLD, published in members area of...
Gold Against Euro Dollar (XAUEUR) Ended Correction
In this article, we are going to provide an update of XAUEUR chart. In the previous article from April 23, 2020, we stated that Gold against Euro dollar (XAUEUR) should continue to move higher. XAUEUR has broken...
Barrick Gold Corporation (NYSE: GOLD): Strong Impulse Rally In Progress
Barrick Gold Corporation (NYSE: GOLD) is the second-largest gold mining company in the world. Year-to-Date, the stock is up around 45%. The combination of low Oil’s price (major cost component for miners) and high price in gold creates a...
Newmont Corporation (NYSE: NEM) – Impulsive Bullish Structure
Newmont Corporation (NYSE: NEM) is the world’s largest Gold mining company. Since the major low in the precious metal back in 2015 around $1050, many mining stocks rallied significantly and managed to outperform shining metals. If we take...
Gold and Silver: Pay Attention to This Noteworthy Record High
By Elliott Wave International Related financial markets tend to move together. For example, gold and silver. Or, consider stocks. When the Dow Industrials are up on a given trading day, the NASDAQ is usually in the green...