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GOLD Elliott Wave Technical Analysis – 31st July, 2018

Upwards movement was expected for the main daily Elliott wave count, which today has some support from volume analysis. Summary: A new high now above 1,234.76 would add reasonable confidence that a low is in place, but prior to that it will remain possible that a new...

GOLD Elliott Wave Technical Analysis – 13th July, 2018

A little more downwards movement for Friday was not expected. Price still remains well within the allowable range for this small consolidation, for which there are still multiple Elliott wave structures. Summary: A multi day to multi week consolidation is likely still...

GOLD Elliott Wave Technical Analysis – 31st May, 2018

Another upwards day fits expectations, but the technicals are a concern for the very short term. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and now a cluster of long lower candlestick wicks, suggest a low may be in place...

GOLD Elliott Wave Technical Analysis – 3rd May, 2018

Upwards movement continues as expected. Summary: It still looks like a low is in place. Price closed within support and Stochastics is oversold and exhibits bullish divergence. Expect an upwards swing at least, and likely an upwards breakout from the consolidation...

GOLD Elliott Wave Technical Analysis – 24th April, 2018

Last analysis expected that a small bounce may have begun. A green daily candlestick today fits this expectation exactly. Summary: The target zone for this downwards swing to end is now at 1,306 to 1,302. The bounce which unfolded today may be complete. If it is not...