Gold Miners (GDX) Ready for Breakout

by elliottwave-forecast.com | April 11, 2019 7:55 pm
Gold miners as a group is unpopular since it topped in 2011 together with Gold. One well-known Index which represents major Gold Miners is the GDX. The Index topped in 2011 at $67 and declined a massive...

Elliott Wave View: Gold Can See Profit Taking

by elliottwave-forecast.com | March 13, 2019 9:48 pm
Gold has ended the cycle from August 16, 2018 low at $1347.18 as wave (A). The yellow metal is in the process of correcting the cycle from August 16, 2018 low in 3, 7, or 11 swing...

Elliott Wave View: Gold Looking to break 2018 High

by elliottwave-forecast.com | February 20, 2019 9:03 pm
We have highlighted the possibility that Gold can quickly retest the high in 2018. The chart below shows the yellow metal has broken above a long term bearish channel from Sept 5, 2011 high. In addition, it...

Elliott Wave View: Gold Buyers Should Appear Soon

by elliottwave-forecast.com | February 14, 2019 8:36 pm
Elliott wave view in Gold suggests that rally from August 16, 2018 low ($1160.37) is unfolding as an Elliott Wave Impulse structure. Rally to $1326.53 ended wave (3). Wave (4) pullback is in progress as a double...

Gold: The first long-term goal of increasing is 1323.85

by Dmitriy Zeland | February 13, 2019 7:26 am
Cash investments of the “owners of the markets” in derivatives for gold of the CME Group exchange amounted to $ 181 billion 609 million. Capitalization of investments increased by less than 1%. The net advantage of bullish...

Elliott Wave View: Gold Should Continue Higher

by elliottwave-forecast.com | January 30, 2019 4:11 pm
Elliott Wave view in Gold suggests the pullback to $1276.64 ended wave 4. Internal of wave 4 unfolded as a zigzag Elliott Wave structure. Wave ((a)) of 4 ended at $1276, wave ((b)) of 4 ended at...

Break above $1300 in Gold Forms Elliott Wave Impulse

by elliottwave-forecast.com | January 28, 2019 6:54 pm
Last Friday Gold managed to break above $1300. The yellow metal has therefore broken above 8 year bearish channel in a weekly closing basis. The break also allows the metal to close back above the ascending trend support...

Elliott Wave View: Gold In Consolidation Before a Break Higher

by elliottwave-forecast.com | January 24, 2019 6:28 pm
Short term Elliott Wave view in Gold suggests the rally to $1298.03 ended wave (W). The yellow metal is now correcting the cycle from August 16, 2018 low within wave (X) in 3, 7, or 11 swing....

Gold: Options And Futures Analysis For January 21, 2019

by Dmitriy Zeland | January 21, 2019 9:45 am
    Total cash investments among major participants of the CME Group on gold derivatives trading increased by 6%.     At the same time, the total capitalization of investments in dollars amounted to $ 162 billion 322 million.     The predominance...

Has the Next Bull Market for Gold Started?

by elliottwave-forecast.com | January 14, 2019 7:13 pm
Gold has been used as the currency of choice throughout history, despite what the central banks of the world say. Ben Bernanke, then the Fed Chairman, famously said that Gold is not money in 2011 during congressional...