• 1 hour 6 Tech Trends Transforming The Travel Industry
  • 18 hours Ousted Uber CEO Cashes Out $500 Million In Stock
  • 21 hours Trump Prepares For Another Key Tariff Decision
  • 1 day The Free Money Bubble Is About To Burst
  • 2 days The Crushing Reality Of Poverty In America
  • 2 days Should You Buy Into The World’s Largest IPO?
  • 2 days The Infinite Possibilities Of Cosmic Energy
  • 3 days Analysts Link Walking To Economic Growth
  • 4 days Will Japan Turn Its Back On The Aramco IPO?
  • 5 days Global Debt Soars To $188 Trillion
  • 5 days The World's Largest Gold Miners Are Getting Creative
  • 6 days Twitter: The Saudi Spy Tool To Bring Down Dissidents
  • 6 days Broad Commodity Funds Don’t Give Enough Exposure To Gold
  • 7 days Here We Go Again: Another Giant Telecoms Mega-Merger
  • 7 days World's Largest Gold Miner Sees Profits Triple
  • 8 days Microsoft Japan Trials 4 Day Work Weeks, Productivity Soars By 40%
  • 8 days Hedge Funds Lose $4 Billion In Four Days As California Wildfires Rage On
  • 9 days New Viral App May Be A National Security Threat In Disguise
  • 9 days China's $10 Trillion Space Play
  • 9 days Human Energy: Debunking The Matrix
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for…

Contact Author

  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