Elliott Wave View: Gold May Have Completed Correction
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,…
Elliott Wave View: Oil Resumes Lower Impulsively
Short term Elliott Wave view on Oil suggests wave (B) rally ended at 63.38 on September 17, 2019 high. The commodity has since turned lower within wave (C) which is…
Palladium Bouncing From Elliott Wave Blue Box Area
In this technical blog, we are going to take a look at the past performance of Palladium ticker symbol $PA_F, 1-Hour Elliott wave Charts that we presented to our members.…
Elliott Wave View: Oil (CL_F) Outlook After Saudi Arabia’s Oil Refinery Attack
Oil gapped up almost 20% early this week after the news that Saudi Arabia's oil refineries got attacked by drones. It has since retraced after Saudi Arabia said they can…
Oil Shot Up 17% after Saudi Arabia’s Oil Refinery Attack
In early Saturday, Saudi Arabia's oil processing facilities were hit by what initially thought to be drone strikes. Yemen's Houthi rebels claim responsibility for the attack. The Houthi spokesperson claimed…
Profit Taking in Gold as Trade Talk Resumes
Last week, China and the U.S. have agreed to resume face-to-face talk in Washington in early October. It's however still unclear if both sides can make substantial, even if temporary,…
GDX Elliott Wave Analysis: Calling The Reaction Higher From Inflection Area
Hello fellow traders. Today, I want to share some Elliott Wave charts of the GDX which we presented to our members in the past. You see the 1-hour updated chart presented…
Elliott Wave View: How High Can Silver Go?
Since forming the low on November 2018 at $13.9, Silver has rallied 40% to current price of $19.4. The move higher from $13.9 low took the form of a 5…
Gold Broke to New All-Time High Against Most Major Currencies
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…