Gold-to-Silver Ratio Near Turning

by elliottwave-forecast.com | June 20, 2017 12:59 pm
Gold-to-Silver Ratio Daily Chart Gold-to-Silver ratio is correcting cycle from 2/29/2016 peak (83.68) in 7 swing. While the bounces fail below 83.68 high, the ratio should resume lower or at least pullback in 3 waves. Down from...

Bullish Palladium Supporting Commodities

by elliottwave-forecast.com | June 19, 2017 1:33 pm
The world is hooked on ‘Palladium’ because of its uses as an industrial metal and catalyst, the consumers are mainly automobile producers as it’s widely used in gasoline-based engine cars to curb harmful emissions from vehicles. Palladium...

Gold Price Failed to Break above 1.295.44 Resistance

by ForexCycle.com | June 12, 2017 1:43 am
Under pressure by the resistance of the April 17 high of 1295.44, XAUUSD pulled back to 1265 and broke below the bullish trend line from the May 9 low of 1214.17 to the June 2 low of...

Gold Is Facing 1295.44 Resistance

by ForexCycle.com | June 7, 2017 8:28 am
After touching the ascending trend line from the January 27 low of 1180.51 to the March 10 low of 1194.94 on its daily chart, XAUUSD rebounded strongly from 1214.17 and the pair is now facing 1295.44 resistance....

Gold Broke Above Triangle Pattern on 4-hour Chart

by ForexCycle.com | May 29, 2017 5:11 am
XAUUSD broke above the triangle patter on its 4-hour chart last Friday and continued its short term bullish movement from the May 9 low of 1214.17, and the price extended to as high as 1269.37. Near term...

Randgold Resources Short Term Bullish Sequence

by elliottwave-forecast.com | May 24, 2017 12:13 pm
Randgold Resources (NASDAQ: GOLD) was founded 22 years ago in 1995, it’s a gold mining business operating in Africa mainly in Mali. The price of Gold & Silver dropped significantly early this month which put a lot of pressure...

Gold Rebounded Away From Trend Line

by ForexCycle.com | May 23, 2017 7:57 am
After touching the ascending trend line from 1180.51 to 1194.94 on daily chart, XAUUSD rebounded strongly to 1265. Further rise to test the resistance of the descending trend line from the July 2016 high of 1375.11 to...

XAUUSD is facing trend line support

by ForexCycle.com | May 10, 2017 2:15 am
After touching the descending trend line on daily chart from 1375.11 (2016 high) to 1337.28, XAUUSD started a bearish movement from 1295.44. Now the fall extended to as low as 1214.19, facing the support of the rising...

Gold short term weakness likely

by elliottwave-forecast.com | May 2, 2017 1:07 pm
Gold to Silver Ratio Daily Elliott Wave Chart Daily chart of Gold-to-Silver ratio above suggests that the ratio is correcting cycle from 2/29/2016 peak (83.68) before the decline resumes later, provided that pivot at 83.68 high stays...

Gold Elliott Wave View: pullback ending

by elliottwave-forecast.com | April 19, 2017 7:43 am
Short term Elliott Wave view in Gold (XAUUSD) suggests that cycle from 4/10 low (1246.92) is unfolded as an impulse Elliott wave structure where Minutte wave ((i)) ended at 1257.2, Minutte wave (ii) ended at 1250.8, Minutte wave (iii) ended at...