Select Page

GOLD Elliott Wave Technical Analysis – 11th December, 2013

Price has moved lower. I had expected it a little, but I had not expected it to be this slow. The situation at this stage is unclear. I have looked for alternates for you, including a bullish alternate which sees a trend change at 1,211.83 five days ago. I have...

GOLD Elliott Wave Technical Analysis – 10th December, 2013

Yesterday’s analysis expected downwards movement. This is not what happened. Movement above 1,244.74 invalidated the hourly wave count. The daily wave count remains valid. Click on the charts below to enlarge. Gold is still within a large fourth wave correction...

GOLD Elliott Wave Technical Analysis – 6th December, 2013

Last analysis expected to see a green candlestick for Friday’s session which is exactly what we have got. However, upwards movement fell well short of the target of 1,252, by $7.26. The wave count remains the same. Click on the charts below to enlarge. Gold is...

GOLD Elliott Wave Technical Analysis – 5th December, 2013

Yesterday’s analysis expected a little more upwards movement before price turned down. This is not what happened. A careful analysis of the last downwards wave on the hourly chart will determine if this correction is over or not. Click on the charts below to...