GOLD Elliott Wave Technical Analysis – 1st June, 2017

Downwards movement was expected for Thursday. Price did move lower to complete a red daily candlestick, but it was an inside day with a bullish long lower wick. Summary: A high may again be in place here or very soon indeed. When the new channel on the hourly chart is...

GOLD Elliott Wave Technical Analysis – 18th May, 2017

A downwards day, which was expected as most likely, followed the blow off top. Summary: It may be slightly more likely that price may move sideways and slowly higher towards 1,276 (the target may be too high). Alternatively, a high may be in place now and this would...