Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities


Video: 2010 Forecast for Gold and Dollar

January 25, 2010 at 12:20 by Andriy Moraru

The author of this video approaches with to the gold and USD analysis with the help of Elliott Waves, Fibonacci retracements and the average lifespan of the gold cycles. According to this technical analysis the gold can retrace at least to $750/ounce as the bullish series of Elliott Waves are over. In case the the widening channel is broken on the gold chart, the commodity may go down to the early 2000’s levels. Meanwhile the dollar will probably continue to trade inversely to the gold, making it a good indicator for the commodity markets. Watch the video for the charts and more interesting details:

Video created by Tony Cherniawski, Manager of The Practical Investor.

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