GOLD Elliott Wave Technical Analysis – 6th September, 2016

A short term move lower to 1,311 – 1,312 was expected before more upwards movement. Price has moved higher. Summary: Look out now for surprises to the upside. A small sideways correction may unfold remaining above 1,327.30. The target for the Elliott wave count...

GOLD Elliott Wave Technical Analysis – 2nd August, 2016

Again, upwards movement unfolded as expected from the Elliott wave count and classic technical analysis. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one trade and...

GOLD Elliott Wave Technical Analysis – 19th July, 2016

The small pennant pattern noted in yesterday’s analysis continues to move price sideways in a narrow range. The breakout direction is expected to be the same. Summary: The trend is still up. A multi day correction against the trend is unfolding and still looks...

GOLD Elliott Wave Technical Analysis – 7th July, 2016

Upwards movement was expected as most likely from the main Elliott wave count. The alternate expected a little downwards movement. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect upwards momentum to increase in coming weeks. The...

GOLD Elliott Wave Technical Analysis – 31st May, 2016

Upwards movement was expected for Tuesday, which is exactly what happened. Summary: The trend may still be down although classic technical analysis indicates a low may be in place. A final fourth wave correction may last another one to three sessions and may end about...

GOLD Elliott Wave Technical Analysis – 6th May, 2016

Upwards movement was expected from last analysis. Volume continues to favour the main Elliott wave count. Summary: Volume supports upwards movement and not downwards movement. The probability of new highs next week looks good. A new high above 1,303.51 would confirm a...

GOLD Elliott Wave Technical Analysis – 13th April, 2016

A new low below 1,243.69 has provided some confidence in the main Elliott wave count. The alternate Elliott wave count remains valid. Summary: A new low below 1,209.08 would confirm the main wave count and invalidate the alternate. Unfortunately, there is no upper...

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. Summary: I have three wave counts today. None see minor 5 as underway and...

GOLD Elliott Wave Technical Analysis – 29th February, 2016

The correction so far is unfolding as the main hourly Elliott wave count expects. Summary: The correction may end in just one more day, if it is to total a Fibonacci thirteen daily candlesticks. One more day of sideways movement could see it end. The next wave up may...