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GOLD Elliott Wave Technical Analysis – 26th June, 2013

Last analysis expected more downwards movement. This is what happened, but price moved lower faster than expected: the target zone I had thought was about six weeks away at 1,232 to 1,216 was met in just one week. Click on the charts below to enlarge. This daily chart...

GOLD Elliott Wave Technical Analysis – 19th June, 2013

Last analysis expected the completion within one or two days of a small second wave correction and thereafter a trend change to the downside during the week. Downwards movement was expected to show an increase in momentum which is what we have seen in the last 24...

GOLD Elliott Wave Technical Analysis – 12th June, 2013

Last week’s analysis expected a triangle to complete and a sharp upwards thrust to follow it. The triangle did complete and remained valid as price remained above 1,388.88. The sharp upward thrust did happen but it did not reach the expectation of 1,475. A...

GOLD Elliott Wave Technical Analysis – 5th June, 2013

Last week’s analysis had two wave counts. The main wave count was invalidated with movement above 1,402.23. The alternate wave count expected more upwards movement for a fourth wave correction at minor degree. This week I have just the one wave count for you....