Last Friday’s gold price action provided valuable insights into its potential near-term direction. Let’s break down the key levels and possible scenarios: Recent Price Action This pattern suggests that gold may continue its downward trend following a...
The precious metals market, particularly gold, has been a hot topic in the first half of 2024. Let’s take a closer look at the performance and future prospects of these valuable commodities. First Half Performance Gold and...
Gold-to-Silver ratio had an overshoot to the upside during the Covid-19. It ended the all-time high on March 2020 at 126.4. The peak time is similar to the major low in World Indices. The ratio then quickly...
The XAUUSD (spot gold) remains in an overall uptrend that originated from the 1810 level. The recent pullback from the 2431 high is likely a consolidation phase within this broader uptrend. Range-Bound Trading Expected Over the next...
Gold (XAUUSD) remains locked in an uptrend, having recently found support at the rising trend line on the daily chart. This suggests continued buying pressure and opens the door for further upward movement in the coming days....
Gold has long been seen as the refuge for investors who are concerned about economic downturns and inflation. And it’s tempting to attribute the metal’s price movements to factors like supply and demand, the dollar and interest rates. But...
In our previous blog, we said that Gold-to-Silver ratio has resumed to the downside. In this article and video today, we will update the Elliott Wave outlook of the ratio. It’s been pretty sideways in the last...
Gold-to-Silver ratio (AUG) overshot to 126.43 during the Covid-19 scare in March 2020. This is an all-time high and arguably unsustainable when measured by many different matrices. The current ratio of 78-79 is still considered to be...
In this article we’re going to take a quick look at the Elliott Wave charts of GOLD, published in members area of the website. As our members know, we are favoring the long side in the commodity....
With tense geopolitical situation between two world super powers, ongoing war, and banking crisis, there’s no shortage of black swan events. Gold and Silver have performed very well in this environment. After 3 years of consolidation, they...
