Gold has been in the very strong rally lately and many wonder why the Instrument has been trading on a very technical way. We at Elliott Wave Forecast use the Elliott Wave Theory different than the rest.

We track over 100 instruments across the world, just to be able to locate the right side of the Market within either sector, groups and even within the groups. The reason for that is that the Market trades as a whole which means all Instruments are related to each other in an Intermarket way.

The following chart is showing the bullish sequence which was created when the instrument took 9/3/2017 peak at around 1360. Therefore, we have been telling to our members that we are looking for a minimum target of 1452.00.


Gold 03.12.2018 Past Weekly Sequence Analysis


The following chart was presented to our members. Which has been calling this powerful move higher ahead of time. We were able to anticipate a wave 3 higher. Now the instrument is trading over $300.00 higher and getting more and more interesting by the day.

Gold 05.25.2019 4 Hour Elliott Wave Analysis


In the last few weeks have been very interesting because another instrument related to Gold is showing the next possible move. XAUGBP which is Gold against the British Pound has taken the 2011 peak which is the same peak in Gold against Dollar in 2011.

The XAUGBP low in 2015 is the same as XAUUSD. Consequently, the break higher supports Gold against every other currency. The following chart shows the idea and path in XAUGBP.

XAUGBP 08.8.2019 Quarterly Elliott Wave Analysis


We at Elliott Wave Forecast analyze the market in a unique way. We use Elliott Wave Theory together with Sequences, Cycles, Correlation and more.

Many will not believe that Gold can trade into $2700 area. Many did not believe that $1450 was possible when the Instrument was trading around $1200.00 early this year. Our system was right and the sequences ending working. As always Market do not trade in a straight line, but knowing the right side is key, watch the following video and understand our view.

FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD trades around 1.1100 amid the Italian crisis, ahead of Fed minutes

EUR/USD is trading around 1.1100, in familiar ranges. Italian President Mattarella will explore if a new government can be formed after PM Conte resigned. The FOMC Minutes are eyed later in the day.


GBP/USD leans lower ahead of the Johnson-Merkel meeting

GBP/USD is trading below 1.2150, losing some ground. UK PM Johnson will meet German Chancellor Merkel in Berlin after the latter called for finding practical solutions on the Irish backstop.


USD/JPY: Bulls re-take 106.50 amid higher S&P futures, Treasury yields

Following a temporary reversal seen on Tuesday, the USD/JPY pair resumes the bullish momentum in Wednesday's Asian trading and regains the 106.50 level, tracking the gains in the US Treasury yields and S&P 500 futures. 


Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Critical technical levels cryptos need to overcome after the summer slide

Late August is vacation time in the northern hemisphere – and cryptocurrency bulls may be at the beach as well. Tuesday's slide in prices lacks clear triggers and perhaps shows some fatigue or profit-taking.

Read more

Gold rebounds above $1,500, remains stuck in tight range

After closing the previous day at $1,506, the XAU/USD pair edged lower on Wednesday as the recovering market sentiment made it difficult for the precious metal to find demand as a safe-haven.

Gold News