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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Gold Fulfilling A Year-Old Forecast!
On May 16th, when gold was trading near $1225, we published “Gold Prices Facing Fibonacci Resistance?”, saying that “the yellow metal could lose another 100 dollars of its value. Or even more.” The chart below shows how the Elliott Wave Principle helped us come this conclusion. As visible, we were expecting the price of gold…
Silver Bears To Take A Rest?
It’s been more than a month since the price of silver topped at $17.75 on May 18th. The bears have been in the driving seat ever since, which led the precious metal to $15.52 as of June 26th. This steady decline by $2.23 in just six trading weeks might convince you now is a good time…
Gold Prices Facing Fibonacci Resistance?
It has been more than a month since our last update on the gold market. In “Gold Bulls On The Losing Side Again?”, published on April 7th, we called a top at $1224, which was supposed to give a start to another sell-off. Indeed, the price of gold fell to $1170 on May 1st. However,…
