GOLD Elliott Wave Technical Analysis – 13th October, 2014

Upwards movement continues as expected. Momentum has not yet shown an increase, and both hourly Elliott wave counts are still valid. Summary: Upwards movement should continue in the short term to about 1,243 – 1,245. Thereafter, we may see a few days of...

GOLD Elliott Wave Technical Analysis – 28th August, 2014

Upwards movement was expected. Both Elliott wave counts remain valid. The depth of this current downwards correction may provide some clarity. Summary: It is still most likely that an extending third wave is beginning, I expect more upwards movement with an increase...

GOLD Elliott Wave Technical Analysis – 27th May, 2014

Finally we have the breakout we were expecting, and as expected it is to the downside. Movement below the lower triangle trend line and below 1,283.43 has confirmed this. Summary: The short term target is 1,256 for the first five down to end. Once this is complete I...

GOLD Elliott Wave Technical Analysis – 30th April, 2014

More sideways movement was expected, which is what has happened. However, a new low slightly below the invalidation point on the main hourly wave count was not expected. Summary: It is most likely that Gold will remain range bound for another one or two days, with...