Gold has been considered the ultimate safe haven for many years. That 30% decline in the price of gold in 2013 showed that the market simply does not care about traditions. Want to know where bullion and other precious metals are going next? This is the section to be in.
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Gold Demands More Than Just a Forecast

After plunging to $1241 a month ago, gold finally managed to reach the $1300 mark again and is currently trading slightly above it. Expecting a recovery of over $60 is not an easy task, especially after a a slump of similar size. Fortunately, to Elliott Wave analysts, “not easy” does not mean impossible. Three weeks…

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Gold: Two Waves and the Reversal in Between

Gold was going down ever since it touched $1375. It made an attempt to reach those highs again in July, but did not succeed. Instead, the bears took control again, causing a plunge to as low as $1302.40 last week, breaching the previous low at $1310.70. Such a breakout has probably triggered a lot of selling…

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Gold or How to Predict a Brexit

Gold is considered to be a “safe haven” in times of uncertainty. So the common logic says that when something totally unexpected happens, such as Brexit, panicked investors buy gold to protect themselves from the falling prices in other markets, thus causing the price of the yellow metal to surge. So far so good. The…

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Gold: Did You Buy the Dip?

Gold has been doing great recently. The precious metal rose to as high as 1316 and having in mind the rally initially began from 1046, it is no wonder last week’s pullback from 1316 to 1276 was looking like a good ”buy the dip” opportunity to most people. Unfortunately, the price of gold tumbled even more…

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What Went Wrong for Gold?

What wont wrong for gold? Ever since the precious metal bottomed at $1046 in December, 2015, it has been steadily rising. Six months later, in the beginning of May, the price of gold rocketed to nearly $1304. And just when everyone thought the rally was going to continue even higher, the bears decided they have…

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Silver to Run Out of Fuel, Again?

Just eight days ago, on April 5th, Silver was trading around 15.10 after having bottomed at 14.78 a couple of trading days before. That was also the day, when we published “Silver Has Been Great. Now What?” to share with our readers that the Elliott Wave Principle was flashing bullish signs. The following chart was…

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Silver Has Been Great. Now What?

It has been less than a week since we published “What Is Next for Beaten Down Silver?” on March 29th. This article came right after a steep decline of about a dollar an ounce in the price of silver. Its purpose was to show how we could predict reversals, but also to warn traders for an upcoming…

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What Is Next for Beaten Down Silver?

Silver was hovering around the highs of $16 an ounce just a week ago, but suddenly fell by a dollar and is currently hesitating near the $15 mark. Could this sharp decline be predicted and if yes – how? We cannot tell you how others might have done it, but our way is not by…

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Silver Seems to Be Running Out of Fuel

The price of silver fell to as low as 13.64 on December 14th, 2015, and has been rallying ever since. On March 18th, 2016, the precious metal climbed to 16.13 and seems to still be in an uptrend. But is this the right time to join the bulls on their way up? Could we expect…

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Gold, Premium Forecast Update

Gold just rose to $1272.42 so far after being trapped in a consolidation for about three weeks. Could this breakout be predicted? Could we explain it with some economic or geopolitical factors? Probably, yes. But what would be the point? The move has already happened, we cannot profit from past developments. Besides, finding the reasons behind the…

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Gold’s Surge Predicted Three Months Ago

It has been almost three months since we published “Gold May Have Found the Bottom” on November 16th, 2015. When gold was knocking on the door of the 1000-dollar mark and the fundamental picture seemed to be showing no end in sight for the bearish trend, we decided to take the other way and post…

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Silver Bulls Prepare to Attack Soon

The Elliott Wave Principle is market forecasting method based on pattern recognition. The main idea is that prices move in repetitive patterns, visible on a price chart, which make the market, to a degree, predictable. Now, let’s examine the 4-hour chart of silver(XAGUSD), in order to see if we could find a pattern, which could…

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Gold Ready For A Post-FED Explosion?

The world is waiting. The FED is expected to hike rates for the first time since 2006 this Wednesday in what is thought to be the biggest financial event this year. Well, we cannot predict what the FOMC will decide. Instead, we prefer looking at the charts, because they might just tell us how market participants are…

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Gold May Have Found The Bottom

In our previous analysis of gold, titled “Gold Trying To Find A Major Bottom”, we gave you the two alternate counts we thought were most likely to develop. The second one suggested the price of “gold still has one more bottom left to make, before the bears finally give up.” Let’s take a look at…

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Gold Trying To Find A Major Bottom

The last time we spoke about gold was July 20th, 2015. In “Gold Fulfilling A Year-Old Forecast!”, we suggested the precious metal is probably getting ready for a major bullish reversal in the area around $1100. And indeed, the price of gold rose from $1077 to $1176 so far. But is this 99-dollar recovery the…

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