Gold Suffered Biggest Weekly Drop in 3 Years on Trade Prospect

by elliottwave-forecast.com | November 12, 2019 8:32 pm
Gold hit a three-month low last Friday as the metal loses its luster with increasing prospect of US-China phase 1 trade deal. Spot Gold was down 3.7% last week, its biggest weekly drop since November 2016. A...

Seabridge Gold Analysis: Stock Should Remain Supported

by elliottwave-forecast.com | October 7, 2019 8:31 pm
In today’s blog, we will have a look at the Seabridge Gold stock. The stock is listed in the SP 500. Seabridge Gold is a Canadian resource gold mining company headquartered in Toronto Ontario Canada. It was founded in...

Elliott Wave View: Gold May Have Completed Correction

by elliottwave-forecast.com | October 7, 2019 8:31 pm
Elliott Wave view on Gold suggests the rally from August 2018 low last year remains in progress as a 5 waves impulse Elliott Wave structure. On the 1 hour chart below, we can see wave ((4)) of this...

Gold Broke to New All-Time High Against Most Major Currencies

by elliottwave-forecast.com | September 2, 2019 9:45 pm
Great Year for Precious Metals Year 2019 certainly has been a good year for the Gold bulls. The metal accelerated its rally after President Trump announced 10% tariffs on the remaining $300 billion of Chinese imports. China...

GLD Longer Term Cycles and Elliott Wave Analysis

by elliottwave-forecast.com | August 21, 2019 11:42 pm
GLD Longer Term Cycles and Elliott Wave Analysis 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,...

Summer of Love for Gold Bulls: How “Quandary” Became Clarity

by ForexCycle.com | August 7, 2019 7:37 am
By Elliott Wave International As mainstream experts struggled to see the direction in gold, Elliott wave analysis saw a clear, bullish triangle. Then, gold prices rocketed to six-year highs! A common misconception of trading is that the...

GOLD ( $XAUUSD ) Incomplete Bearish Sequences Calling The Decline

by elliottwave-forecast.com | May 5, 2019 2:44 pm
Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of GOLD published in members area of the website.  GOLD has had incomplete sequences in the cycle from the February...

Gold Elliott Wave View: Showing Impulsive Decline

by elliottwave-forecast.com | May 2, 2019 8:39 pm
Gold higher time frame cycles suggest that cycle from 8/16/2018 low ended 5 waves advance on February 20, 2019, at $1346.75 high. Since then, Gold is going lower in an impulse manner as the decline is unfolding...

GOLD ( $XAUUSD ) Incomplete Bearish Sequences Calling The Decline

by elliottwave-forecast.com | April 27, 2019 4:15 pm
Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of GOLD published in members area of the website.  GOLD has had incomplete sequences in the cycle from the February...

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...