There are several different momentum indicators. One of the popular ones is the RSI (Relative Strength Index) which was developed in 1978 by J. Welles Wilder. The RSI is in the form of an oscillator from 0 to 100. Traditional interpretation suggests RSI of 70 or above signifies overbought condition. Meanwhile, RSI of 30 or […]

Nifty ended correction to the cycle from March 2020 low and starts a new leg higher. This article and video look at the Elliott Wave path.

AUDJPY may have started a new bullish cycle as it breaks above previous daily high on November 21, 2021. This article & video look at the Elliott Wave path.

Newmont Mining (ticker: NEM) is the world’s largest gold mining company, based in Greenwood Village, Colorado, United States. It has ownership of gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. Newmont is the only gold producer listed in the S&P 500 Index. The company is leading […]

Silver (XAGUSD) is correcting cycle from February 3, 2022 low but buyers should appear soon. This article and video look at the Elliott wave path.

Pan American Silver Corporation (ticker: PAAS) is engaged in the production and sale of silver, gold, zinc, lead and copper. It also has other related activities, including exploration, extraction, processing, refining and reclamation. The company operates 10 mining sites, including La Colorada, Dolores, Huaron, Morococha, San Vicente, Manantial Espejo, Shahuindo, La Arena, Timmins and Escobal. In […]