Elliott Wave Analysis of Gold - Next upside target seen at 3,100

Elliott Wave Analysis of Gold - Next upside target seen at 3,100

If gold closes the month of March above 1,972 then gold should be headed for 3,100 as the next upside target. 

That said we do see a real possibility of a run-away market as wave V finally gathers upside momentum and run-away markets in the fifth wave in the commodity complex is more the rule that not. 

So keep an eye on gold in the month ahead as it could be the focus of attention. 

Silver is currently lagging the rally in gold, which is uncommon, and I expect silver to gather momentum alongside gold and eclipse important resistance at 30,00 for a continuation towards the former all-time high at 50,00.  

 

Elliott Wave Analysis of Crude Oil - Neckline broken Rally to 95.03 next

Elliott Wave Analysis of Crude Oil - Neckline broken Rally to 95.03 next  

In my February 23 post I showed the possible S/H/S bottom and said, that a break above the neckline would call for a rally towards 95.03. This rally is now in the cards as the neckline has been broken and the S/H/S-bottom formation now is activated. 

Longer term a rally closer to 129.30 is expected, but let's take the coming rally in baby-steps and first look for the S/H/S-bottoms target near 95.03. 

US 10Y Yield Should Peak Near 4.48

 

US 10Y Yield Should Peak Near 4.48

In my December 20 post (You can see that post by clicking here). I called for a corrective rally for the US 10Y yield towards 4.51%. Well we could see a rally close to 4.51%, but a more likely target is seen near 4.48% from where we should see wave C take over for a decline towards support in the 3.23 - 3.38 area. 

Short term a break below minor support at 4.06 will indicate that wave B has completed and wave C lower towards 3.38 is in motion.