A correction was expected to continue.

Another small inside day fits this expectation.

Continue reading GOLD Elliott Wave Technical Analysis – 10th December, 2015 →

An inside day with light volume fits the Elliott wave count.

Continue reading GOLD Elliott Wave Technical Analysis – 25th November, 2015 →

Yesterday’s analysis expected downwards movement to be over at yesterday’s low or shortly thereafter.

Price has continued substantially lower.

Continue reading GOLD Elliott Wave Technical Analysis – 4th November, 2015 →

Downwards movement was expected, but price has moved mostly sideways to complete a small green candlestick.

Continue reading GOLD Elliott Wave Technical Analysis – 27th October, 2015 →

Yesterday two scenarios were presented on the hourly charts for the short term. The second less likely scenario has played out.

Both Elliott wave counts expect the same direction next.

Continue reading GOLD Elliott Wave Technical Analysis – 10th September, 2015 →

A small correction is unfolding sideways.

The correction was expected to end Monday about 1,148 – 1,150, but it is not unfolding exactly as expected.

Continue reading GOLD Elliott Wave Technical Analysis – 31st August, 2015 →

Last analysis expected upwards movement to continue, which it has, but the target at 1,141 was inadequate.

Continue reading GOLD Elliott Wave Technical Analysis – 20th August, 2015 →

Upwards movement to 1,118 – 1,123 was expected. This is what happened, but only after a whipsaw took out the invalidation points on the hourly chart necessitating an updated short term chart for the hourly structure.

I have two wave counts for you today to consider all possibilities.

Continue reading GOLD Elliott Wave Technical Analysis – 11th August, 2015 →

Price continues to move slowly lower.

Another red candlestick fits the main Elliott wave count.

I have a new alternate Elliott wave count for you today.

Continue reading GOLD Elliott Wave Technical Analysis – 23rd July, 2015 →

A small red candlestick fits the Elliott wave count.

Continue reading GOLD Elliott Wave Technical Analysis – 14th July, 2015 →

A small upwards correction was expected for the very short term, which is what is happening as the week comes to a close.

Continue reading GOLD Elliott Wave Technical Analysis – 3rd July, 2015 →

Both Elliott wave counts expected a little upwards movement, which may have been quick and brief, but price moved lower after a little sideways movement.

Continue reading GOLD Elliott Wave Technical Analysis – 24th June, 2015 →

Sideways movement in a larger range fits the bear Elliott wave count at the hourly chart level better than the bull.

Continue reading GOLD Elliott Wave Technical Analysis – 15th June, 2015 →