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GOLD Elliott Wave Technical Analysis – 15th January, 2014

Last analysis expected more downwards movement from both the main and alternate wave counts. This is what has happened. I am swapping over the main and alternate wave counts because the alternate has a better more typical fit. Although at this stage it makes no...

GOLD Elliott Wave Technical Analysis – 14th January, 2014

Last analysis expected one or two more days of upwards movement towards a target at 1,280. This is not what happened. Downwards movement has breached the parallel channel on the hourly chart, and invalidated the main wave count at the hourly chart level. The wave...

GOLD Elliott Wave Technical Analysis – 10th January, 2014

The main hourly wave count for last analysis had a higher probability than the alternate and expected more upwards movement. This is what happened, and price movement above 1,231.64 invalidated the alternate providing further confidence in the main wave count. As more...

GOLD Elliott Wave Technical Analysis – 8th January, 2014

The main and first alternate hourly wave counts yesterday expected more downwards movement which is what we have seen. The second alternate now looks extremely unlikely and will be discarded. At this stage the two remaining wave counts expect the same direction next....