Gold (XAUUSD) Bearish Sequence Favors More Downside
Gold shows incomplete bearish sequence from 5.4.2023 high favoring further downside. Down from 5.4.2023 high, wave (W) ended at 1898.12 and wave (X) rally ended at 1987.42. Gold then resumed…
$CT #F: Nesting Price Action in Cotton Provides an Opportunity
Cotton is one of soft commodities, along with sugar, coffee, orange juice and cocoa. In early centuries, Alexander the Great has brought cotton from Pakistan to Europe. Much later and finally, it has…
Elliott Wave View: Silver (XAGUSD) Has Scope for Further Downside
Short Term Elliott Wave View in Silver (XAGUSD) suggests decline from 7.20.2023 high is in progress as a 5 waves diagonal. Down from 7.20.2023 high, wave 1 ended at 22.608…
Oil (CL) Should Extend Higher in Impulsive Structure
Short Term Elliott Wave View in Oil (CL) suggests the rally from 6.12.2023 low is in progress as a 5 waves impulse structure. Up from 6.12.2023 low, wave 1 ended…
Platinum (PL) Pullback Should Find Buyers
Platinum (PL) is still correcting cycle from 9.1.2022 low and the correction is unfolding as a double three. In this article, we will update the longer term Elliott Wave outlook…
Gold (XAUUSD) Is at Area Where It Can Pullback
Short Term Elliott Wave structure in Gold (XAUUSD) suggests the drop in Gold on August ended wave A at 1884.16 low. The metal now is extending higher in 3 swings…
Gold-to-Silver Ratio (AUG) Close to Breakout
In our previous blog, we said that Gold-to-Silver ratio has resumed to the downside. In this article and video today, we will update the Elliott Wave outlook of the ratio.…
FCOJ: Buying Pullbacks in Frozen Concentrated Orange Juice
In the previous articles from March, November 2021 and October 2022, we have discussed the price action and the outlook for the Frozen Concentrated Orange Juice. As it has been expected, the soft…
Gold (XAUUSD) Has Scope for Further Downside
Short Term Elliott Wave structure in Gold (XAUUSD) suggests the rally in Gold on 7.27.2023 high ended wave 2. The metal now extends lower in wave 3 a 5 waves…