Tag: Gold
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Gold Elliott Wave Analysis: Approaching a Key Correction Phase!
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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…
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Gold Low-Time-Frame Analysis
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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…
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Zimbabwe Central Bank Nears Launch of Gold-Backed CBDC
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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).