GOLD Elliott Wave Technical Analysis – 18th October, 2017

Further downwards movement continued as the last analysis expected. Summary: The pullback may be over. A clear breach of the channel on the hourly charts by upwards movement would give confidence that a low is in place. At that stage, long positions would have...

GOLD Elliott Wave Technical Analysis – 9th October, 2017

Last Elliott wave analysis expected upwards movement from Gold to begin the new week, which is exactly what has happened. Summary: For the very short term, look out for a small pullback to about 1,277 – 1,275. Thereafter, look for the new upwards trend to...

GOLD Elliott Wave Technical Analysis – 5th October, 2017

The trend was assumed to remain downwards while price remains within the channel. A new low today continues that trend. Summary: Assume the trend remains down while price remains below 1,272.28 and more importantly while it remains within the channel. The target for...

GOLD Elliott Wave Technical Analysis – 2nd October, 2017

Downwards movement continues as both Elliott wave counts expected. The target has not yet been met for the first wave count. Summary: The bigger picture sees a pullback continue here to about 1,261. It may be as low as 1,170 – 1,158. A bearish signal today from...

GOLD Elliott Wave Technical Analysis – 8th September, 2017

Again, upwards movement continued exactly as expected. A combination of candlestick analysis, volume analysis, RSI, and ADX will be used to identify when the trend is over or a consolidation within it may begin. Summary: The trend remains upwards, but now expect a...

GOLD Elliott Wave Technical Analysis – 17th August, 2017

Price has continued to move higher as was expected for the session by both Elliott wave counts. Summary: A short term target is now at 1,307. The final target is still at 1,320. The trend still looks to be upwards. Pullbacks are an opportunity to join the trend....

GOLD Elliott Wave Technical Analysis – 16th August, 2017

A little more downwards movement was expected to a target at 1,266. Price did move lower, but did not make a new low and has fallen $2.34 short of the target. Summary: A short term target is now at 1,307. The final target is still at 1,320. The trend still looks to be...

GOLD Elliott Wave Technical Analysis – 6th July, 2017

Some upwards movement was expected, which is exactly what has happened. Summary: Expect a small bounce to end either about 1,228 – 1,230, or a little below 1,228. Thereafter, look out for strong downwards movement. This correction is an opportunity to join the...