Gold has a tendency to display high volatility within certain areas that are a function of price and time.
The chart is made by only 2 points: The top and the first intermediate bottom.
Our current position show that we are on the outer band of a circle. Looking back at 2013, there were a significant volatility when entering the circle, dropping fiercly. The next...
Natural gas has during its last intermediate cycle broken out of its down-trend zone. This cycle has now lasted for 57 days. Based on the first intermediate cycle top/bottom it hit the 2.618 FIB ratio on Friday.
RSI is in the overbought zone showing divergence with price.
Momentum is approaching "the red zone" typical close to the cycle tops. I expect either a...
The USD is marching towards its ICH and tries its 4th attempt to break the trend-line. Last time it tried at this, it did not succeed before its 4th attempt. I don't expect it will this time either and will go down into its ICL.
On the bigger picture the USD seem to set up a HS pattern that might ultimately lead into the 3 year cycle low.
Silver has managed to cross the bear-market line and it is now also working to break the ICL neutral line.
Sustaining above the red level officially put silver in a bull market and it will lead the way for gold into the official bull market. This will lead to a rally in silver.
Then one can say that the bull market in precious metals is officially "ON" and say...
In order to break the bear-market trendline, one need to have some power in the move.
Gold is building its wedge to knock the resistance line @ 1350-level. The wedge will be completed during Asian trading session and will be continued in the European market. The US market will be left partly on the train station. Gold targets the 50 % FIB retrenchment where the...
After a long consolidation, the gold is ready for a bullrun. If the USD is getting its yearly low, my prediction is that gold tops at about 1483. Profit-taking is adviced at the resistance lines and buying back at the dips.
ABX is the leader of the pack as it is one of the biggest and most famous gold miners and widely known for being owned by Warren Buffet. It is also the biggest component of GDX ETF.
Today, the priced retraced and crossed the 38.2 FIB at 16.76 and immediately jumped up above 17. If this continues up and not cross below this level again, it will probably lead the...
USD has been rallying since the Jackson Hole.
This rally is used for fooling everyone on the bulltrain. I expect the USD to top on NFP tagging about 96.2 and drop sharply. Commodities will get fuel on their rockets at the same time.