GOLD Elliott Wave Technical Analysis – 2nd September, 2013

Last analysis expected the end of a fourth wave correction to be confirmed by a channel breach on the hourly chart. We did not get a confirmation that the correction was over. Price continued lower breaching invalidation points on both hourly wave counts. Click on the...

GOLD Elliott Wave Technical Analysis – 30th August, 2013

Gold moved lower in a fourth wave correction, which was expected, and we had no confirmation that the correction was over. The wave count remains the same at the daily chart level, with two hourly wave counts for you today. Click on the charts below to enlarge....

GOLD Elliott Wave Technical Analysis – 28th August, 2013

I am changing my wave count today at the daily chart level. The short to mid term outlook is unchanged, and the subdivisions on the hourly chart remain the same. Click on the charts below to enlarge. Primary wave C may be complete. Primary wave C is 28.96 short of...

GOLD Elliott Wave Technical Analysis – 27th August, 2013

Last analysis main wave count expected more upwards movement. The alternate was not confirmed with a red candlestick or any channel breach. Again I have two wave counts for you today. They differ only in the degree of labeling for most recent movement. The price point...

GOLD Elliott Wave Technical Analysis – 26th August, 2013

Last analysis of gold expected an end to a fourth wave correction to be followed by a sharp upwards thrust to about 1,399.73. This is what happened. The question now is, is this intermediate degree correction over? Have we just seen a trend change back to the downside...

GOLD Elliott Wave Technical Analysis – 21st August, 2013

Last week’s analysis expected more upwards movement from gold towards a short term target at 1,431. Price did move higher but has fallen well short of the target. Click on the charts below to enlarge. This daily chart focuses on the new downwards trend of...