Central Banks Load Up on Gold: A Revealing Perspective

by ForexCycle.com | February 14, 2020 3:52 am
By Elliott Wave International If financial history teaches anything, it’s that the most intense buying happens near a top. Likewise, climatic selling happens near a bottom. In other words: The crowd is usually on the wrong side...

XAUUSD Impulsive Elliott Wave Decline In Progress

by elliottwave-forecast.com | February 6, 2020 4:51 pm
XAUUSD (Gold) formed a secondary peak at 1593.82 on February 2, 2020 and turned lower sharply. Primary count suggests secondary peak completed wave B as a FLAT and wave C lower has started which should form part...

Hecla Mining (NYSE: HL) Impulsive Rally in Progress

by elliottwave-forecast.com | January 6, 2020 4:34 pm
Hecla Mining (NYSE: HL) is a mining company engaged in the exploration and development of mineral properties also the mining and processing of silver, gold, lead and zinc. Since May 2019, HL established a strong reversal after it...

Barrick Gold Corporation (NYSE: GOLD) Looking for Further Upside

by elliottwave-forecast.com | January 6, 2020 4:32 pm
Barrick Gold Corporation (NYSE: GOLD) is the second-largest gold mining company in the world. As the precious metal price has been soaring recently, let’s take a look at the technical structure of the stock. GOLD established a major low...

$XAUUSD Elliott Wave View: Can Be Nesting Higher

by elliottwave-forecast.com | December 27, 2019 5:44 pm
Short-term Elliott Wave view in $XAUUSD suggests that the rally from November 12, 2019 low can be nesting higher as an impulse structure looking for more upside still. However, if it continues to see strength higher and...

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,...