Geopolitical Tension Could Be Catalyst for Gold’s Rally

by elliottwave-forecast.com | April 16, 2018 2:54 pm
Rising Geopolitical Tension between U.S. and Russia The geopolitical tension between the United States and Russia escalated rapidly in the past two weeks. Two weeks ago, the U.S. Treasury Department announced fresh sanctions against Russian oligarchs and...

Elliott Wave Analysis: Gold in Sideways Range

by elliottwave-forecast.com | April 11, 2018 7:59 am
Gold short term Elliott Wave view suggests that the yellow metal is in a sideways move, typical characteristic of a triangle Elliott Wave structure. A triangle is a sideways range structure with ABCDE label. In the case...

Elliott Wave Analysis: Gold in Double Correction

by elliottwave-forecast.com | March 1, 2018 11:11 am
Revised Short Term Elliott Wave view in Gold suggests that the yellow metal is still correcting cycle from 12/13/2017 low ($1236.3) as a double three Elliott Wave structure. Up from 12/13/2017 low, Intermediate wave (W) ended at $1366.06 and...

Elliott Wave Analysis: Gold Bullish against 1306.8

by elliottwave-forecast.com | February 27, 2018 10:36 am
Short Term Elliott Wave view in Gold suggests the decline to $1306.8 ended Intermediate wave (X). However, the yellow metal needs to break above Intermediate wave (W) at $1366.06 to rule out the possibility of a double correction...

Elliott Wave Analysis: Gold Ended Correction

by elliottwave-forecast.com | February 23, 2018 1:08 pm
We revise our Gold Short Term Elliott Wave view to a more aggressive one and call the decline to 2.8.2018 at $1306.8 ending Intermediate wave (X). For this view to get validity however, the yellow metal needs to...

Elliott Wave Analysis: Gold Can do a Double Correction

by elliottwave-forecast.com | February 22, 2018 12:14 pm
Gold Short Term Elliott Wave view suggests that the yellow metal is still correcting cycle from 12.13.2017 low ($1236.30) as a double three Elliott Wave structure. Down from 1.25.2018 high ($1366.06), the decline is unfolding as a double three...

Elliott Wave Analysis: Gold Ending Correction

by elliottwave-forecast.com | February 21, 2018 10:41 am
Gold Short Term Elliott Wave view suggests that the decline to 1306.96 ended Intermediate wave (X). The rally from there is unfolding in 5 waves impulse Elliott Wave structure. Minutte wave (i) ended at 1337, Minutte wave (ii) ended at...

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...