The prices of precious metals have recovered, Commerzbank’s commodity strategist Carsten Fritsch notes. Precious metals prices go up “Silver is trading at $27.5 per troy ounce again. Platinum is priced at $940 per troy ounce and Palladium at $930 per troy ounce. While Silver and Platinum have so far only regained some of their losses, Palladium has completely made…
2024.08.09 2024.08.09 XAUUSD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 2364.60 with a growth target of 2560.00 – 2650.00. A buy signal: after the price returns above 2364.60. Stop Loss: below 2340.00, Take Profit:…
Back in 1969 when my buddies and I were still vibing to The Beatles’ Hey Jude, management trainer, Martin Broadwell, talked about the “four levels of teaching” to describe the work that needs to be done to learn a skill. Broadwell discussed teaching, but his ideas about competence levels became popular in psychology and self-development circles. What are these…
Gold has perked up in the past few minutes, rising a few dollars to $2430. That comes after a large gain yesterday and a series of higher lows over the past month. Those are reasons for optimism. However the main feature on the daily chart is a double top near $2475. Gold daily So higher lows vs a double…
Thursday’s inflation in Hungary surprised slightly to the upside with a rise from 3.7% to 4.1%, but there is a bigger surprise here compared to the National Bank of Hungary’s (NBH) forecast of 3.8% year-on-year, ING’s FX strategist Frantisek Taborsky notes. At least three more cuts this year “Given the rally we have seen in previous weeks in the HUF rates…
2024.08.09 2024.08.09 USDСAD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 1.3950 with a bearish target of 1.3465 – 1.3192. A sell signal: after the price returns below 1.3950. Stop Loss: above 1.3980, Take Profit:…
A recovery in risk appetite has pushed volatile assets like bitcoin higher against the U.S. dollar! BTC/USD just bounced from a technical support zone and looks ready to test a key inflection point. Will the crypto pair extend its gains today? Bitcoin (BTC/USD) Daily Chart by TradingView If you missed yesterday’s market action, you should know that a better-than-expected…
Fundamental Overview Gold erased most of the losses from the Monday’s global stock market rout as the ISM Services PMI and especially the US Jobless Claims yesterday improved the risk sentiment. This might be just a retracement of the liquidations experienced on Monday as it doesn’t look like there are strong reasons for a rally in the short term….
As a first in hopefully many articles and updates, we wanted to start off by sharing our insights regarding the S&P 500 (SPX). We primarily use the Elliott Wave Principle (EWP). As you may be aware, the index peaked on July 16 at $5669, which fell 28p (0.5%) short of the ideal 5th wave target, the 200.00% Fibonacci extension…
2024.08.06 2024.08.06 Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 06.08.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: correction is expected to develop. Consider long positions from the current level with Take Profit at 57883.91….
