Gold is an incredibly popular market. It is a relatively stable asset for investment. The market has seen some big moves over the years. We shared a list of Best Gold Stocks for our readers previously. Effective Gold Trading Strategies A few techniques that prove helpful in trading gold are Relative Strength Index (RSI) Relative […]
Elliott Wave View: Gold (XAUUSD) Pullback Should Find Buyers
Short Term Elliott Wave structure for Gold (XAUUSD) suggests the rally from March 31, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from March 31 low, wave (1) ended at 1797.83 and wave (2) pullback ended at 1755.93. Gold has resumed higher within wave (3) which has internal subdivision of […]
Inflation Risk Supports Gold and Silver
An increasing number of companies gave warning for supply shortage which force them to raise prices. Manufacturers and producers from various industries such as semiconductors, lumber and cotton scramble to replenish stockpiles to keep up with demand and higher input prices. However, central bankers still argue that price gains are transitory. They claim it will […]
8 Best Gold Stocks to Buy in 2024
Gold stocks are stocks of companies and funds focused on gold. The industry mainly comprises mining companies that dig up and sell gold. There are many benefits to buying gold stocks instead of physical metal. The main draw is that these companies offer the potential of leveraged upside to the price of gold. When prices rise, […]
Has Gold Ended the 8 Months Correction?
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.
