GOLD Elliott Wave Technical Analysis – 21st July, 2017

Upwards movement continues as expected towards the target. A short term target is now provided. Summary: The short term target is now at 1,264. About here another small consolidation to last about two days may unfold, to be followed by a final small upwards wave that...

GOLD Elliott Wave Technical Analysis – 12th July, 2017

A new high above 1,222.72 invalidated the main hourly Elliott wave count and added confidence to the alternate hourly Elliott wave count. The alternate has some support from volume analysis, and its target remains the same today. Summary: In the short term, a bounce...

GOLD Elliott Wave Technical Analysis – 11th July, 2017

Yesterday’s hourly chart expected a bounce to about 1,218. The high for the session was 1,217.79. Summary: The trend is still most likely down. In the short term, a bounce is either over here or may continue higher for another day. If price makes a new high by...

GOLD Elliott Wave Technical Analysis – 30th June, 2017

A breakout from the consolidation was expected for Friday but did not happen. Both Elliott wave counts at the hourly chart level remain valid. Summary: A downwards breakout from this consolidation may now come on Monday or Tuesday. A new low reasonably below 1,237.06...

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)...

GOLD Elliott Wave Technical Analysis – 2nd June, 2017

Upwards movement was unexpected and invalidated the hourly Elliott wave count. Summary: Some sideways movement to remain above 1,269.45 and then another short upwards movement to touch the maroon trend line is expected next week. If the trend line is touched, it...

SILVER Elliott Wave Technical Analysis – 20th April, 2017

Last week expected a small consolidation short term, which is what has happened. Summary: So far, from the low on the 15th of March, price has made a series of higher highs and higher lows at the daily chart level. If the Elliott wave analysis is correct, then the...

GOLD Elliott Wave Technical Analysis – 19th April, 2017

Yesterday’s analysis expected the correction to continue sideways for another day. A small downwards day mostly fits the expectation and price remains well above the invalidation point on the hourly chart. Summary: The correction is still most likely incomplete....