Monthly Archives: February 2016

GOLD Elliott Wave Technical Analysis – 29th February, 2016

The correction so far is unfolding as the main hourly Elliott wave count expects.

Continue reading GOLD Elliott Wave Technical Analysis – 29th February, 2016

GOLD Elliott Wave Technical Analysis – 26th February, 2016

Sideways movement was expected to continue for a correction.

Continue reading GOLD Elliott Wave Technical Analysis – 26th February, 2016

GOLD Elliott Wave Technical Analysis – 25th February, 2016

A correction was expected to continue.

A small real body for mostly sideways movement fits the expectation.

Continue reading GOLD Elliott Wave Technical Analysis – 25th February, 2016

SILVER Elliott Wave Technical Analysis – 24th February, 2016

Last week expected a correction to end soon.

The correction has continued for the entire week.

Continue reading SILVER Elliott Wave Technical Analysis – 24th February, 2016

GOLD Elliott Wave Technical Analysis – 24th February, 2016

Last analysis expected a correction should continue.

Although price breached a short term upper invalidation point the red candlestick with a long upper shadow fits a correction.

Continue reading GOLD Elliott Wave Technical Analysis – 24th February, 2016

GOLD Elliott Wave Technical Analysis – 23rd February, 2016

One of the remaining two hourly Elliott wave counts was invalidated.

I will continue to consider all possibilities. I have a new idea today.

Continue reading GOLD Elliott Wave Technical Analysis – 23rd February, 2016

US OIL Elliott Wave Technical Analysis – 22nd February, 2016

Upwards movement above 33.60 invalidated last week’s US Oil Elliott wave count.

I have three alternates for you today.

Continue reading US OIL Elliott Wave Technical Analysis – 22nd February, 2016

GOLD Elliott Wave Technical Analysis – 22nd February, 2016

Two hourly Elliott wave counts were invalidated, which leaves only two.

The situation is becoming clearer.

Continue reading GOLD Elliott Wave Technical Analysis – 22nd February, 2016

GOLD Elliott Wave Technical Analysis – 19th February, 2016

To end this week, I still have just the one daily chart but now four hourly wave counts.

I will not try to pick a winner. The labelling of 1-2-3-4 is not intended to indicate which is more or less likely. Volume and price next week should tell us which one is correct.

Continue reading GOLD Elliott Wave Technical Analysis – 19th February, 2016

GOLD Elliott Wave Technical Analysis – 18th February, 2016

Again, I have three hourly wave counts.

Volume is used to indicate which is most likely.

Continue reading GOLD Elliott Wave Technical Analysis – 18th February, 2016

SILVER Elliott Wave Technical Analysis – 17th February, 2016

Last week’s analysis expected downwards movement for Silver for a correction.

This is what has happened over the last few days.

Continue reading SILVER Elliott Wave Technical Analysis – 17th February, 2016

GOLD Elliott Wave Technical Analysis – 17th February, 2016

Sideways movement in a narrow range looks like a triangle. The question is: where did price enter the triangle and so in what direction will the breakout be?

I have three hourly wave counts to try to answer this question.

Continue reading GOLD Elliott Wave Technical Analysis – 17th February, 2016

GOLD Elliott Wave Technical Analysis – 16th February, 2016

More downwards movement was expected to end within 1,200.76 to 1,181.41. The target was 1,184 within this zone.

Price moved lower as expected to reach 1,192.68.

Continue reading GOLD Elliott Wave Technical Analysis – 16th February, 2016