There’s a lot of talk in Fintwit lately suggesting that precious metals may have ended the long 8 months correction and ready for the next glorious rally. In this article, I will attempt to answer the question whether Gold has ended correction or not using technical analysis. I will use Elliott Wave Theory and also […]
Elliott Wave View: Further Downside in Gold
Gold has broken below last year low suggesting it has further downside. This article and video look at the Elliott Wave path.
Silver Should Outperform with Break Lower in Gold-To-Silver Ratio
Gold-to-Silver Ratio is simply gold price divided by silver price. After spiking to all-time high at 126.4 on March last year to 126.4 due to the fear of Covid-19 pandemic, it has turned lower considerably. The average ratio in 300 years history is around 30 as the chart below shows: The natural ratio in the […]
Elliott Wave View: Is Gold Bottom in Place?
Gold (XAUUSD) rally from December 1 low looks impulsive suggesting the metal can see further upside. This article & video look at the Elliottwave path.
Elliott Wave View: Potential Target for Gold’s Correction
Short Term Elliott Wave view in Gold (XAUUSD) suggests the metal continues the correction lower. The internal of the decline from November 9 peak is unfolding as a zigzag Elliott Wave structure. Down from November 9 peak, wave ((a)) ended at 1850. Up from there, bounce in wave ((b)) unfolded as a zigzag in lesser […]
StrikePoint Gold ($STKXF $SKP.CA) Correcting March Cycle
More coverage on the theme of Precious Metals market series that I am doing right now. I am looking for Jr. producers that offer lucrative setups and are technically clean from the March cycle low. StrikePoint has a fairly clean chart, but is in deep penny stock territory. Rallying from a low of 0.01 cents […]
