Intraday Elliott Wave View on Gold (XAUUSD) Looking to Resume Bullish Trend
Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2685.58 ended wave 3. The metal then did a pullback in wave 4 with internal subdivision as a…
Gold-to-Silver Ratio (AUG) Still Waiting for the Next Direction
Gold-to-Silver Ratio has always been a useful tool to forecast the direction the underlying metals (i.e. Gold and Silver). We can calculate the ratio simply as Gold price divided by…
Elliott Wave Expects Silver (XAGUSD) to Continue Bullish move
Silver (XAGUSD) is close to breaking above previous peak on 5.20.2024 high at 32.51. A break above the level confirms the next leg higher has resumed. Short term, rally from…
Elliott Wave View on Light Crude Oil (CL) Favoring More Downside
Short Term Elliott Wave in Oil (CL) suggests the decline from 8.13.2024 high is unfolding as a 5 waves impulse. Down from 8.13.2024 high, wave (i) ended at 76.83 and…
Gold Continuing To Find Support Into The Pullbacks
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Gold. The rally from the 25 July 2024 low showed a…
Elliott Wave Favors Bullish Bias in Silver (XAGUSD)
Short Term Elliott Wave in Silver suggests that rally to 5.20.2024 high at 32.51 ended wave ((3)). Pullback in wave ((4)) ended at 26.4 as the 1 hour chart below…
Elliott Wave Intraday Analysis on Silver (XAGUSD) Looking to Find Buyers
Short Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 low ended a wave (A). The metal turned higher again in wave (B) ended at 31.75 high.…
The Future of Copper and a Look Back – Trading Review
Copper has been a hot commodity, only to fall rapidly. If we look at Copper 's price action history on the daily chart, there is a giant spike from the…
Oil (CL) Should Continue Lower to Build an Impulsive Structure
Short Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave…
