Elliott Wave Update of Gold – May 31st, 2023
Despite the initial spike in volatility, the price of gold is slightly up so far this week. In today's Elliott Wave update we examine its 1h chart for clues of what to expect next.
Latest Elliott Wave analyses of Gold and Silver. Precious metals and espеcially the gold market have become preferred instruments for short and long-term traders in the last several years. Below you can find our view on one of the most traded markets.
Despite the initial spike in volatility, the price of gold is slightly up so far this week. In today's Elliott Wave update we examine its 1h chart for clues of what to expect next.
The price of gold is slightly down so far this week, but what would happen if new sanctions on Russian energy drag the EU...
The price of gold is slightly down so far this week, but what would happen if new sanctions on...
Russian forces' apparent withdrawal from Kyiv fueled hopes that the Ukraine war might end sooner rather than later. The price of gold responded with...
Russian forces' apparent withdrawal from Kyiv fueled hopes that the Ukraine war might end sooner rather than later. The...
Hopes of a possible ceasefire between Russia and Ukraine dragged gold down over the past two days. The question is, should we rely on...
Hopes of a possible ceasefire between Russia and Ukraine dragged gold down over the past two days. The question...
The price of gold climbed during the fourth week of the war in Ukraine, but remained over $100 below its record. Can the bulls...
The price of gold climbed during the fourth week of the war in Ukraine, but remained over $100 below...
It looks like investors are getting used to the war in Ukraine and slowly moving away from safe-haven assets. Gold has fallen back to...
It looks like investors are getting used to the war in Ukraine and slowly moving away from safe-haven assets....
Despite the increased geopolitical tensions caused by the war in Ukraine, the price of gold kept falling last week. Where does that illogical drop...
Despite the increased geopolitical tensions caused by the war in Ukraine, the price of gold kept falling last week....
Against all common sense, gold is down sharply amid the biggest geopolitical tensions since the end of World War II. What does this mean?...
Against all common sense, gold is down sharply amid the biggest geopolitical tensions since the end of World War...
The Russia-Ukraine war almost pushed gold to an all-time high last week. Is the yellow metal actually poised for a new record? Is the...
The Russia-Ukraine war almost pushed gold to an all-time high last week. Is the yellow metal actually poised for...
Gold is on the verge of a new all-time high as the Russia-Ukraine war enters its third week. Can the bulls rely on this...
Gold is on the verge of a new all-time high as the Russia-Ukraine war enters its third week. Can...
Unlike Bitcoin, gold is filling its role as a safe heaven in times of uncertainty. The price of the yellow metal is sharply up...
Unlike Bitcoin, gold is filling its role as a safe heaven in times of uncertainty. The price of the...
Putin's unprovoked aggression against Ukraine is taking its toll on the financial markets. Our premium instruments are also more or less affected. Here is...
Putin's unprovoked aggression against Ukraine is taking its toll on the financial markets. Our premium instruments are also more...
Russia's unprovoked aggression against Ukraine caused a spike in the price of gold last week, but the gains eventually evaporated. What to expect from...
Russia's unprovoked aggression against Ukraine caused a spike in the price of gold last week, but the gains eventually...
The ratio between the prices of gold and silver has been steady rising for the past year. After reaching a low of 62.07 on...
The ratio between the prices of gold and silver has been steady rising for the past year. After reaching...
Gold keeps struggling in an increasingly tight price range as we head into 2022. In what direction is the range going to be broken...
Gold keeps struggling in an increasingly tight price range as we head into 2022. In what direction is the...
Gold was hardly changed last week despite the latest CPI reading that showed the highest inflation since 1982. What is holding gold down and...
Gold was hardly changed last week despite the latest CPI reading that showed the highest inflation since 1982. What...
Gold is proving to be a poor inflation hedge at a time when inflation is rising across the board. Will it be able to...
Gold is proving to be a poor inflation hedge at a time when inflation is rising across the board....
Despite rising inflation throughout the year, gold is down in 2021 so far heading into December. Can the precious metal turn its fate around...
Despite rising inflation throughout the year, gold is down in 2021 so far heading into December. Can the precious...
The price of silver has been hovering between $30 and $21 per ounce for over a year now. Despite growing fears of persisting inflation,...
The price of silver has been hovering between $30 and $21 per ounce for over a year now. Despite...
The price of silver, otherwise known as a safe-haven asset along with gold, crashed sharply as the coronavirus panic swept equity markets. XAGUSD fell...
The price of silver, otherwise known as a safe-haven asset along with gold, crashed sharply as the coronavirus panic...
Common sense dictates that in a time of crisis demand for safe-haven assets jumps. The price of gold, for instance, the most sought-after asset...
Common sense dictates that in a time of crisis demand for safe-haven assets jumps. The price of gold, for...
The S&P 500 was down 14.4% for the week at one point Friday on fears the coronavirus outbreak is going to become a worldwide...
The S&P 500 was down 14.4% for the week at one point Friday on fears the coronavirus outbreak is...
We last wrote about silver in March 2019, when the precious metal was hovering slightly above $15. Our analysis of its 4-hour chart gave...
We last wrote about silver in March 2019, when the precious metal was hovering slightly above $15. Our analysis...
Gold climbed to a six-year high on rising tensions between the US and Iran following the assassination of Iranian General Qasem Soleimani. The safe-haven...
Gold climbed to a six-year high on rising tensions between the US and Iran following the assassination of Iranian...
In our previous article about the precious metal readers saw how the Elliott Wave principle put us ahead of gold ‘s $72-decline from $1531...
In our previous article about the precious metal readers saw how the Elliott Wave principle put us ahead of...
Gold bulls suffered in four of the last five daily trading sessions. A week ago, on September 24th, the price of gold briefly exceeded...
Gold bulls suffered in four of the last five daily trading sessions. A week ago, on September 24th, the...
Last week, gold finally broke out of the consolidation it has been locked in for almost a month. The price fell to $1400 before...
Last week, gold finally broke out of the consolidation it has been locked in for almost a month. The...
A little over a month ago, the price of silver was hovering around $16 following a strong rally from as low as $13.90 in...
A little over a month ago, the price of silver was hovering around $16 following a strong rally from...
Gold bulls can be very pleased with their progress in 2019 so far. Three days ago, the precious metal climbed past $1346, bringing its...
Gold bulls can be very pleased with their progress in 2019 so far. Three days ago, the precious metal...
The price of silver fell to as low as $13.90 on November 14th. It has been recovering ever since and is trading above $15.90...
The price of silver fell to as low as $13.90 on November 14th. It has been recovering ever since...
Gold’s third consecutive week of gains led the price of the yellow metal to the vicinity of the psychological $1300 mark earlier today. On...
Gold’s third consecutive week of gains led the price of the yellow metal to the vicinity of the psychological...
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