GOLD Elliott Wave Technical Analysis – 3rd November, 2014

Upwards movement was expected for Monday’s session. A red candlestick was not expected, but price has mostly moved sideways and remains above the invalidation point on the main Elliott wave hourly chart. Summary: It is still most likely that downwards movement...

GOLD Elliott Wave Technical Analysis – 28th October, 2014

Downwards movement continued, but fell short of the target at 1,217 by $5.58. Summary: Intermediate wave (2) is unfolding as a big flat correction. Overall I expect more downwards movement to 1,190.04 in the mid term. In the short term I expect to see very choppy...

GOLD Elliott Wave Technical Analysis – 22nd September, 2014

A new low below 1,213.84 invalidated the main hourly wave count. The alternate hourly wave count allowed for downwards movement and had a target range of 1,211 – 1,206. No trend change has yet been confirmed. Summary: The downwards structure now has a better...

GOLD Elliott Wave Technical Analysis – 4th August, 2014

Some downwards movement was expected in the short term to about 1,286.81. So far price has reached down to 1,286.20. I have a new alternate Elliott wave count for you today. Summary: I expect overall upwards movement here for a minor degree wave to just above...