SILVER Elliott Wave Technical Analysis – 1st December, 2017

A downwards breakout was expected to be about a week or two away. The downwards breakout has come, about a week earlier than expected. Summary: The classic analysis target is 15.74. The Elliott wave target is 15.262. A second wave bounce may offer an entry point to...

GOLD Elliott Wave Technical Analysis – 24th November, 2017

Some downwards movement for the very short term was expected by the preferred Elliott wave count. This is exactly what has happened to end the trading week. Summary: Members please note: the second wave count is now strongly preferred. It expects sideways movement to...

SILVER Elliott Wave Technical Analysis – 19th October, 2017

Last analysis expected a pullback, which has arrived. The last three sessions have seen price fall for Silver. Summary: Silver is in a large consolidation and the situation is very unclear. Volume suggests an upwards breakout may be more likely, which favours the...

GOLD Elliott Wave Technical Analysis – 12th October, 2017

Last Elliott wave analysis advised to assume the trend remains the same until proven otherwise. More upwards movement continues the trend, but it is now weakening. Summary: While price remains above 1,284.48 and most importantly within the pink base channel on the...

GOLD Elliott Wave Technical Analysis – 22nd September, 2017

A small bounce continued as the hourly Elliott wave counts expected. Price remains within the channels. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at 1,261. This downwards swing may go as low as 1,170 to...

SILVER Elliott Wave Technical Analysis – 6th September, 2017

More upwards movement was expected from last week’s analysis. This is what has happened. Summary: The trend is upwards. There are some signs it is nearing extreme, but there is room still for price to rise further. A short term target is about 20. Expect price...

GOLD Elliott Wave Technical Analysis – 1st September, 2017

Trading advice given in last analysis favoured the bullish scenario. Members who opened a hedge or long positions should have profits. Summary: An upwards breakout has support from volume. Look out for very strong upwards movement in upcoming weeks to a target at...

GOLD Elliott Wave Technical Analysis – 27th July, 2017

The target for more upwards movement was 1,277, but it has not been met yet. Price did make a slight new high. Summary: It looks likely that a high may be in place. Have some confidence in this view if the blue channel is breached, and then more confidence if price...

SILVER Elliott Wave Technical Analysis – 13th July, 2017

Last analysis expected a downwards breakout below support at 16.05 – 15.70. This happened on the 7th of July. Summary: Expect a new low. The Elliott wave target is at 15.17. Thereafter, expect a trend change and an upwards wave that should last weeks. New...