Elliott Wave Analysis of Gold – May 29th, 2023
Gold slid again last week as rising stocks and the prospect of another 25 bps rate hike made non-yield safe-haven assets unattractive. Can the bulls return or is the metal going to keep falling? Read in our latest Elliott Wave analysis.
All from Gold & Silver
Gold to finish a 1-year-lasting pattern
Gold has been trading in a range recently, moving sideways between 1306 and 1333. When we happen to see this type of hesitation, there...
Gold to finish a 1-year-lasting pattern
Gold has been trading in a range recently, moving sideways between 1306 and 1333. When we happen to see...
Gold, 1100 visible in the long term
Gold has been trading in a range between 1178 and 1430 since mid-June 2013, without being able to make a new low or a...
Gold, 1100 visible in the long term
Gold has been trading in a range between 1178 and 1430 since mid-June 2013, without being able to make...
Gold with two short-term bearish counts
In our previous analysis of gold we were expecting an upside thrust from a fourth-wave triangle to lead prices to 1327 in wave 5, followed by...
Gold with two short-term bearish counts
In our previous analysis of gold we were expecting an upside thrust from a fourth-wave triangle to lead prices to 1327...
Gold with one final swing higher
On the 1-hour chart of gold we can see something, which looks like an unfinished impulsive five. Wave 4 seems to be a triangle,...
Gold with one final swing higher
On the 1-hour chart of gold we can see something, which looks like an unfinished impulsive five. Wave 4...
Gold with a golden forecast, literally
More than a month ago, on May 9th, we published our mid-term forecast of gold. When the yellow metal was trading between 1290 and 1300,...
Gold with a golden forecast, literally
More than a month ago, on May 9th, we published our mid-term forecast of gold. When the yellow metal was...
Gold is weak. What is the reason?
A month ago, on April 9th, we published an article about gold, in which we showed you two alternative counts. As you will notice, gold...
Gold is weak. What is the reason?
A month ago, on April 9th, we published an article about gold, in which we showed you two alternative counts....
Silver to the south
On the chart below you can see the impulsive decline in silver from 22.17 to 19.20. As you can notice, the whole three-dollar move...
Silver to the south
On the chart below you can see the impulsive decline in silver from 22.17 to 19.20. As you can...
Gold with two alternatives
Gold has started its consolidation (sideways movement) in July 2013 and it seems to be forming a triangle, which usually takes time to develop...
Gold with two alternatives
Gold has started its consolidation (sideways movement) in July 2013 and it seems to be forming a triangle, which...
Gold fell as expected
On March 12th we warned you that gold could slow down. We thought so, because on the chart of gold we were already able...
Gold fell as expected
On March 12th we warned you that gold could slow down. We thought so, because on the chart of...
Gold could slow down
Gold could slow down after 11 weeks of steady rise. The chart below suggests that gold has completed three out of five possible waves...
Gold could slow down
Gold could slow down after 11 weeks of steady rise. The chart below suggests that gold has completed three...
Did you expect gold’s recent rise? We did.
The chart below was posted on our Facebook page on January 2, when the price of gold was 1210 $. We would like to...
Did you expect gold’s recent rise? We did.
The chart below was posted on our Facebook page on January 2, when the price of gold was 1210...
Silver mania
Mass psychology plays a key role in forming trends in precious metals. The specific about precious metals is that they tend to form extended...
Silver mania
Mass psychology plays a key role in forming trends in precious metals. The specific about precious metals is that...
Gold after Bretton Woods
Gold has been trading on the free market since the end of the Bretton Woods system in 1971. From then on, mass-psychology has been...
Gold after Bretton Woods
Gold has been trading on the free market since the end of the Bretton Woods system in 1971. From...
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