• 43 mins Putin Signs “Digital Iron Curtain” Into Law
  • 4 hours Russian Metals Magnate Sues U.S. Over Sanctions
  • 7 hours Tesla Looks To Jump Into Indian Market
  • 9 hours Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 1 day Homeowners Experiment With Risky New Investment Trend
  • 1 day U.S. Tech Stocks Look Increasingly Vulnerable
  • 1 day De Beers To Expand World’s Most Profitable Diamond Mine
  • 1 day Ford CEO Gets Raise After Massive Layoff Round
  • 2 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 2 days Where To Look As Gold Miners Inch Higher
  • 3 days Google Faces Billions In Fines From European Regulators
  • 3 days The Energy Industry Has A Millennial Problem
  • 4 days Russian Banks Scramble For Sanction Loopholes
  • 4 days Gold ETFs Take A Hit After Four-Month Run
  • 5 days European Union Takes Aim At Ten New Tax Havens
  • 5 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
  • 5 days $600 Billion At Risk As Boeing Fallout Continues
  • 5 days Venezuela Has Yet Another Crisis Developing
  • 6 days Wells Fargo Accused Of “Ongoing Lawlessness”
  • 6 days Hollywood Agency Returns $400M Investment To Saudi Wealth Fund
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

  1. Home
  2. Markets
  3. Other

Metals Are Looking Bullish; Gold Targeting $1170

Metals are in bullish mode in this week with gold now trading above 1150 so we think that price is underway to 1170 high from Aug 24th. We are tracking impulsive structure, currently within extended red wave iii) headed up to 1160-1163 zone. Also notice that gold is stronger than silver these days, but silver is showing a three wave decline from 15.43 to 14.72 so if price will make an overlap with 15.10 then downward correction will be confirmed as completed. In that case even silver which is weaker than gold, should move to the upside. And this means that gold should have no problems to hit 1170.

Gold Chart

XAUUSD Chart

XAGUSD Chart

Trade well,

 


What Can You Get For 1€? At ew-forecast.com Try 1 Month Full Service >> http://www.ew-forecast.com/register

 

Back to homepage

Leave a comment

Leave a comment