Monthly Archives: March 2016

GOLD Elliott Wave Technical Analysis – 31st March, 2016

Upwards movement was expected. This is how the session began but most gains were retraced.

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SILVER Elliott Wave Technical Analysis – 30th March, 2016

Last week both Elliott wave counts expected at least a little downwards movement. This is what happened.

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GOLD Elliott Wave Technical Analysis – 30th March, 2016

Price made a slight new high and then turned lower.

Upwards movement was expected.

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GOLD Elliott Wave Technical Analysis – 29th March, 2016

Upwards movement was unexpected and invalidated the hourly Elliott wave count.

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US OIL Elliott Wave Technical Analysis – 28th March, 2016

Again, last week’s analysis of US Oil expected downwards movement for both the main and alternate Elliott wave counts.

This is what happened.

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GOLD Elliott Wave Technical Analysis – 28th March, 2016

The alternate Elliott wave count was invalidated.

There is only one Elliott wave count. The situation is clearer.

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GOLD Elliott Wave Technical Analysis – 24th March, 2016

Both Elliott wave counts remain valid.

Price should indicate which one is correct in the next one or two sessions.

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

SILVER Elliott Wave Technical Analysis – 23rd March, 2016

Last week’s analysis again expected upwards movement.

This is how the week began, but today price has moved strongly lower retracing the gains of the last five days.

Continue reading SILVER Elliott Wave Technical Analysis – 23rd March, 2016

GOLD Elliott Wave Technical Analysis – 23rd March, 2016

Upwards movement was expected but did not happen.

Downwards movement has invalidated one Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 22nd March, 2016

A little downwards movement to 1,238 was expected before upwards movement. This is not quite what happened.

Price did not move any lower, but it did move higher to complete a small green doji.

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

US OIL Elliott Wave Technical Analysis – 21st March, 2016

Last week’s analysis of US Oil expected more upwards movement to come up to touch the upper edge of a channel.

This is what happened.

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GOLD Elliott Wave Technical Analysis – 21st March, 2016

A new low indicated that the correction was deepening to be closer to the 0.618 Fibonacci ratio.

This was not what was expected for Monday.

Continue reading GOLD Elliott Wave Technical Analysis – 21st March, 2016