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GOLD Elliott Wave Technical Analysis – 29th May, 2013

Last week’s gold analysis expected downwards movement towards a target at 1,329. Price has not moved lower, but nor has it moved above the invalidation point at 1,419.78. Price has moved sideways for the week. Sideways movement looks like a contracting triangle....

GOLD Elliott Wave Technical Analysis – 22nd May, 2013

Last week’s analysis had a short term target on the hourly chart at 1,357 for micro wave 3. Price fell short of this target by 12.78 before a small fourth wave correction, then continued lower to complete a fifth wave. The following fourth wave correction has...

GOLD Elliott Wave Technical Analysis – 15th May, 2013

Last week’s analysis of gold expected downwards movement to a target for the week at 1,416. So far price has reached 28.74 below the target. Price is on track to meet the first target on the daily chart at 1,276. Click on the charts below to enlarge. This daily...

GOLD Elliott Wave Technical Analysis – 8th May, 2013

Last week’s analysis of gold expected downwards movement. We have seen some downwards movement, but before price moved lower a breach of 1,485.49 invalidated the hourly wave count. Price remains below the invalidation point on the daily wave count. I have...