After two sets of recent failures (Gold daily chart, right panel), and a lower high to boot...
We are looking for a lower low, currently projected to be about 1550.
Gold is not going to regain its shine for a while. At the earliest, if possible, end of 2022.
Short, Sharp, Simple... as clear as the lustre is lost, Gold down.
Hi Ellioticians, silver is trading choppy and corrective for the last year and a half. We see a possible completed complex correction in II, down from 29.87 high, which means more upside can be expected for silver in the long run. At the moment we are observing an idea of an Elliott wave leading diagonal in blue wave 1 of III, which is a wedge and still needs two...
At W2 We monitor Gold in correlation to our overall portfolio and the DXY.
We are forecasting a break of the 1hour bullish penant continuation structure, with additional confluence, offered by the fairly steep ascending trend line support. If we are to break the highs impulsively our initial targets will be $1835 per troy ounce. At this particular level we could...
