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...
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...
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) 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) 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...
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...
IMF (International Monetary Fund) projects the European nations will experience a 7.5% GDP contraction this year. EU nations have been some of the hardest hit by Covid-19. Even before the pandemic, the European economy is already sluggish....
Short Term Elliott Wave View suggests rally in Gold (XAUUSD) from March 16 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from March 16 low, wave ((1)) ended at 1519.57, and pullback in...
Short term Elliott Wave view in Gold (XAU) suggests the rally from August 2018 low in wave III has ended at 1689.30 high. Gold then corrected that cycle in wave IV as a zig-zag. Wave ((A)) of...
By Elliott Wave International Hedge fund managers are considered to be among the smartest people on Wall Street. Ironically, as a group, they’re notorious for consistently being on the wrong side of major turns in the markets...
