GOLD Elliott Wave Technical Analysis – 27th November, 2017

Gold remains within a consolidation. On Balance Volume is at this stage constrained now by resistance and support lines, with five tests of each line. A breakout by On Balance Volume would be a strong signal here. Summary: Members please note: the second wave count is...

GOLD Elliott Wave Technical Analysis – 19th July, 2017

An inside day completes a doji, as seen on the daily Elliott Wave and Technical Analysis charts. Summary: The target is now at 1,260. Classic technical analysis still offers more support for the main wave count than the alternate. Always use a stop. Invest only 1-5%...

GOLD Elliott Wave Technical Analysis – 18th July, 2017

Price has overcome resistance at 1,236.50. The target on the alternate Elliott wave count has been reached. Summary: A break above resistance with some support from volume looks bullish. Stronger volume today suggests this upwards movement is not over. The target is...

GOLD Elliott Wave Technical Analysis – 10th July, 2017

More downwards movement was expected. A lower low and a lower high for Monday fits expectations. Summary: The trend is still most likely down. Profit target is now at 1,183 (measured rule) or 1,160 (Elliott wave). Always use a stop and invest only 1-5% of equity on...

GOLD Elliott Wave Technical Analysis – 29th June, 2017

Gold remains within the consolidation zone after another day of essentially sideways movement, which was expected. Summary: A downwards breakout from this consolidation may now come within the next 24 hours. A new low now below 1,240.17 would indicate price may be...

GOLD Elliott Wave Technical Analysis – 28th June, 2017

Last analysis pointed out that Gold price is currently consolidating. A choppy day that moved price slightly higher remains within the consolidation zone. This is mostly what was expected. Summary: Price is consolidating. The Elliott wave count sees intermediate (B)...