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GOLD Elliott Wave Technical Analysis – 26th September, 2013

Yesterday’s analysis expected upwards movement from gold for Thursday’s session. A slight new high was made before price turned lower. Price remains above the invalidation point on the hourly chart. Click on the charts below to enlarge. There are still...

US OIL Elliott Wave Technical Analysis – 26th September, 2013

Last week expected one final fifth wave before a trend change. That is not what happened. The trend change may have already occurred. Oil has been a frustrating market to analyse for the last month or so. I am very keen to get it right this week! Click on the charts...

GOLD Elliott Wave Technical Analysis – 24th September, 2013

Yesterday’s analysis expected the completion of a small triangle to be followed by a sharp downwards thrust. The update for yesterday gave a target for this downwards thrust to end at 1,305. It ended at 1,305.90. We now have a clear channel breach on the hourly...