Why I Want to Identify Gold Peaks? I have always been a fan of gold jewellery and started buying Gold since late 90’s whenever I had a bit of extra savings. In mid 2008, when I first got interested in learning about stock market I read articles about investing in gold and mining sector. When […]
Gold Price Analysis
Gold’s Long Term Analysis: Will gold Surpass US$2000?
Highlights: Lesson to be Learned from Gold’s 200 Years Price History Gold Price Projection Based on Technical Analysis Gold Price Forecast Using Elliot Wave Analysis Will gold Surpass US$2000? Overall, 2016 has been a great year for gold and gold mining stocks because the gold’s bottom was confirmed. Gold closed 8.5% higher in 2016 than […]
What 2017 Holds for gold and silver mining stocks?
Last time I published my views on gold was on November 24th, 2016. Gold, silver and in general, the whole mining sector was under great pressure since 2016 US elections. Gold kept trading lower until it reached US$1124 on December 14th, 2016. Like many of those in the bullish camp in the mining sector, I […]
Gold’s Recent Price Action November 24, 2016: Will Gold Resume its Uptrend?
Will Gold Resume its Uptrend? Since reaching $1375 high of July 3rd, 2016 gold has given up more than 50% of its recent gains. Gold was hovering near its $1200 support level after 2016 US presidential elections which was broken on November 23rd, 2016. Currently I am watching for the next support at $1173 which […]
Gold Price Direction after Trump’s Victory in US 2016 Election
When I wrote the post “Has Gold Reached The Top?” in the last week of May 2016, gold was in correction phase and trading in $122X range. After reviewing various indicators and historical trends I concluded my post with: “Based on the historic and cyclical gold market trends, I am quite convinced that it is […]