Tag: Gold
-
Gold (XAU/USD) Analysis
•
Gold appears to be in Wave 3 on the higher time frame, with the current movement likely representing Wave 4 of Wave 3. We have marked key support levels that could serve as areas for potential bounces or accumulation. Current Wave Structure Strategic Positioning Given the current setup, a gradual…
-
Gold Elliott Wave Analysis: Approaching a Key Correction Phase!
•
Current Market Scenario: Gold has recently hit a significant milestone in its bullish journey, reaching the target zone for Wave 3 between $2,362 and $2,718, as outlined in the Elliott Wave structure. This marks the culmination of an extended rally, but key indicators are pointing towards an impending correction. The…
-
Gold Low-Time-Frame Analysis
•
According to our latest analysis, Gold remains firmly in Wave 5 of Greater Wave 3 after breaking out of the triangle pattern. Since this breakout, Gold has successfully completed Subwave 1 and 2, and we are now advancing through Subwave 3 of this larger wave structure. Subwave 3 Target Zone…
-
Zimbabwe Central Bank Nears Launch of Gold-Backed CBDC
•
In a significant move that could have far-reaching implications for the financial landscape of Zimbabwe, the country’s central bank is reportedly in the final stages of developing a gold-backed Central Bank Digital Currency (CBDC).