Archive by tag: goldReturn
Commodity Market Elliott Wave Analysis Update: - Bitcoin (BTC) and Ethereum (ETH/USD): Advancing into Wave (iii) of v) of 1 of (5) of 3) of I; prepare for long positions during Wave 2 retracement. - US Dollar Index (DXY): Trending lower, in line with 10-year US Treasury yields; TLT Bonds expected to trend higher. - Precious Metals (Gold, GDX, Silver): In Wave 4, nearing final stages; planning long trade setups. - Base Metals (URA, Copper): In Wave 4, showing positive signals alongside China ...
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Explore an in-depth Gold Elliott Wave Analysis covering key trends, wave structures, and corrective phases. This analysis provides insights into gold price forecasts, support and resistance levels, and retracement targets for 2024. Learn how current market trends and wave patterns indicate potential price movements, helping you stay ahead in gold trading.
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Commodity Market Elliott Wave Analysis Summary - Bitcoin (BTC) and ETH/USD: Tracking Wave v) of 1 of (5). Bitcoin's wave count aligns with Nasdaq. - US Dollar (DXY): Bearish count possible below 104, pending confirmation from bonds and yields. - Gold and Silver: In or completing Wave 4, holding long positions is recommended. - Base Metals: Mixed trends; individual evaluation needed. A confirmed DXY trend could drive commodity price rebalancing.
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This article provides a comprehensive Gold Elliott Wave analysis, covering gold price predictions, market trends, and technical insights for 2024. We delve into the Elliott Wave theory, discussing both current and long-term forecasts. Whether you're a seasoned trader or a new investor, this guide will help you understand the key signals and patterns in gold's market movement.
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Bitcoin and Ethereum are expected to climb higher. TLT Bonds and US 10 Yr. Yields suggest a potential decline for USD/DXY, awaiting confirmation. Precious metals like gold and silver are set to rise, with copper leading the base metals rally. Uranium, nickel, and other metals are also performing well. Energy commodities and natural gas are poised for upward movement, while crude oil continues to struggle.
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In this comprehensive Gold Elliott Wave Analysis, we explore the current price trends, wave structures, and future projections for gold in 2024. Learn about the Elliott Wave Theory, its application to gold, and how the ongoing bullish trend is expected to evolve. This analysis covers key aspects such as the impulse wave forecast, wave 5 progression, and supercycle implications, providing valuable insights for investors and traders.
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Commodity Market Elliott Wave Analysis Summary - Dollar (DXY) Should continue to show weakness giving strength to AUD, GBP and EUR etc. TLT Bonds continue to move higher developing into an impulse wave structure. - Bitcoin (BTC) Short futures contracts are keeping Bitcoin's price low, but Elliott Wave analysis suggests Wave (4) is at its low, with Waves 1 and 2 potentially forming. - Ethereum (ETH) Trading below 3000, Ethereum shows weakness and could make a new low, while DOGE appears ...
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The latest Elliott Wave Analysis for the commodity market suggests a positive trajectory for cryptocurrencies and potential gains in non-leveraged gold and silver stocks. Base metals remain strong, while crude oil is expected to rise from its current phase. However, the DXY, TLT Bonds, and US 10-year yields need additional price movements to establish a clear direction.
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This article provides an in-depth Elliott Wave analysis of the gold market, examining the latest trends and price movements. It details potential bullish signals and corrective phases within the market, offering traders strategic insights into upcoming gold price behaviours based on impulse wave trading and Fibonacci retracements. Key scenarios and predictions are discussed, aiming to equip investors with the knowledge to capitalize on gold’s bullish trends.
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Commodity Market Elliott Wave Analysis Update: The dollar and yields are on the rise, while gold, silver, bitcoin, eth/usd, copper, oil, and gas are facing downward pressure. This trend of weakness is anticipated to persist through upcoming trading sessions. Additionally, keep an eye on the Fed's meeting and forthcoming employment figures, including the lead-in private employment ADP figures in the next session
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