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GOLD Elliott Wave Technical Analysis – 2nd June, 2014

Downwards movement was expected. Because an upwards correction has breached the base channel on the hourly chart, and because downwards momentum has not increased, I have an alternate hourly wave count for you today. Summary: The short term target for this week is...

GOLD Elliott Wave Technical Analysis – 30th May, 2014

Again I had expected to see a doji or green candlestick for Friday’s session. This is not what happened. I now expect the second wave correction is over, without showing up on the daily chart clearly. Summary: The short term target for Monday / Tuesday is 1,204....

GOLD Elliott Wave Technical Analysis – 29th May, 2014

I had expected to see a green candlestick for Thursday’s session, but price has moved a little lower. I have two wave counts for you today. Summary: The second wave correction still must complete. It has most likely begun. I will expect a green candlestick for...