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GOLD Elliott Wave Technical Analysis – 10th March, 2014

Price moved lower as expected, but failed to reach the short term targets at 1,319 to 1,316. Downwards movement reached only to 1,328. Both wave counts are still valid but I favour the main wave count strongly. Summary: I expect that we may have just seen a trend...

GDX Elliott Wave Technical Analysis – 7th March, 2014

The data for this market has many gaps, and the structures are not entirely typical looking Elliott wave structures. Although there are some Fibonacci ratios, they are not as prevalent as ratios within Gold. I am only able to import daily data, and I cannot check...

GOLD Elliott Wave Technical Analysis – 7th March, 2014

Downwards movement has invalidated one of the three wave counts. The other two are still viable (with some adjustment). I now have a clear price point which will differentiate the two wave counts for next week, and I now judge one to have a higher probability than the...

GOLD Elliott Wave Technical Analysis – 6th March, 2014

Upwards movement remains below the invalidation point for the first wave count. Both wave counts remain valid and both remain mostly the same. I do have a new third wave count for you today. Every technical analysis method has its periods of uncertainty. Elliott wave...