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In the long term, XAGUSD is forming a corrective trend consisting of cycle waves w-x-y-x-z. At the moment we see the construction of an intervening wave x. This takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree. The primary wave Ⓩ is ...
Gold got a boost following the Fed’s rate decision and managed to poke above $2,000/oz briefly on Thursday. But resistance seems to have been sufficiently strong to keep price action below that level. Given the latest turmoil in the markets and the ...
In the long term, XAUUSD looks at forming a double zigzag pattern. This consists of sub-waves Ⓦ-Ⓧ-Ⓨ inside the cycle wave z. The first two sub-waves Ⓦ-Ⓧ have already ended, and wave Ⓨ is under development. Perhaps the wave Ⓨ takes the form of an ...
There are a lot of reasons for investors to seek safe havens, particularly recently. But gold has struggled to reach the $1,900/oz level. Although it could make it that high eventually, it’s still notable that it’s taking so long. There are some ...
As a hedge against uncertainty, gold is expected to have quite an active year in 2023. There are many risk events already on the calendar for the next 12 months, and then we have to consider the unforeseeable events that could shake up markets. ...
XAGUSD suggests the development of the corrective wave b, which is part of the global zigzag. Correction b most likely takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four primary waves are completed, and the last wave is still under ...
For over a month now, gold prices have been trending higher, gaining over 10% since the start of November. Naturally this poses the question of whether a new peak is coming, or will the precious metal keep moving up through next year. The prospect ...
XAGUSD seems to be forming a correction wave b of the cycle degree, which is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of it have ended and now we see the construction of the final wave Ⓩ. Most likely, the wave Ⓩ will be an ...
Tomorrow we get the first look at US GDP numbers for the last quarter and the full year. The consensus is that there was a significant acceleration in the economy in the last three months. That included the period of omicron’s first detection and ...
Over the next couple of days, we have some key data out of the UK which could shake up the markets and drive cable into a new direction. As usual, we get a bunch of data just before the start of the trading session. But there are two bits that we ...
The wave of omicron cases in the US hasn’t prompted further shutdowns. But there has been an increase in the number of workers’ absences. During the last quarter, there was extensive debate over the potential impact of the Biden Administration’s ...
Australia had something of a positive start to the week. Specifically, headlines have been speculating that the country has surpassed the peak of covid infections from the current omicron wave. The highest number of daily cases so far was on January ...
Tomorrow we get another avalanche of UK economic data just before the market opens. And the key element for the markets is likely to just be the Inflation data. This comes on the heels of better than expected jobs data on Monday. Should UK inflation ...
The XAGUSD structure suggests the development of a cycle triple zigzag w-x-y-x-z. In this chart, we see the final part of the bearish wave y. There is an assumption that in the second half of December, the price reached a peak, which means that the ...
Tonight the BOJ meets for the first policy decision gathering of any of the major central banks. Japan typically doesn’t provide a fixed time for when the results will be released, it’s just whenever the meeting ends. Nonetheless, this should not ...
Some investors are puzzled as to why the price of gold hasn’t been increasing lately. In fact, it peaked last year, and since then it has been largely trading lower. On the other hand, inflation went up during that period and continues to rise, ...
Normally, as the end of the year approaches, housing activity in the US slows down. It’s seasonally normal for new house completions, sales, and even price drops. There are several reasons for it, from people focusing more on the holidays, to the ...
The current XAGUSD structure suggests the development of a cycle triple zigzag w-x-y-x-z. On this chart, we can see the final part of the bearish wave y. There is an assumption that the price has reached a peak. In turn, this means that the ...
One of the themes of the markets lately is that unexpected issues have had magnified effects across the whole economy. Of course, keeping an eye on the trends is important. But given how integrated global supply chains are, the under-supply of one ...
The Gold structure suggests that the intermediate correction wave (4), is a triple zigzag consisting of minor sub-waves W-X-Y-X-Z. As part of the correction (4), the final minor wave Z is under construction and is almost complete. If we take a ...