GOLD Elliott Wave Technical Analysis – 31st October, 2017

Price remains above 1,260.72, so both Elliott wave counts remain valid. Volume and On Balance Volume today are giving signals as to what is most likely to happen next to price. Summary: Upwards movement for a third wave should begin now. The first target is at 1,294...

GOLD Elliott Wave Technical Analysis – 19th September, 2017

A small inside day sees the target for one of the two Elliott wave counts adjusted. This new target is now closer to the target for the other Elliott wave count. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at...

GOLD Elliott Wave Technical Analysis – 13th April, 2017

Upwards movement continues and price has remained within the upper half of the channel on the hourly chart, which was expected at this stage. Trading advice is given to members to manage long positions towards the end of this week. Summary: In the short term, a...

GOLD Elliott Wave Technical Analysis – 6th April, 2017

An upwards breakout was again expected, but price remains range bound. Summary: Look out for strong upwards movement from both Gold and GDX, which may happen during a price shock instigated by the release of Non Farm Payroll data during tomorrow’s session. The...

GOLD Elliott Wave Technical Analysis – 15th March, 2017

Price moved strongly higher exactly as the Elliott wave count expected for a third wave up. Targets remain the same. Summary: Reasonable confidence is had today in the Elliott wave count. The structure of this upwards wave is incomplete and for now the invalidation...

GOLD Elliott Wave Technical Analysis – 13th March, 2017

Price has moved overall higher as expected from the main hourly Elliott wave count in last analysis. Summary: A little confidence may be had in a trend change, but weak volume and a long upper wick on Monday’s candlestick is concerning. It is possible we may see...

GOLD Elliott Wave Technical Analysis – 8th February, 2017

Another upwards day sees the main and alternate Elliott wave counts switched over. What is now the alternate Elliott wave count still remains viable. It illustrates the risk today to trading based upon the main Elliott wave count. Summary: Probability has shifted...

GOLD Elliott Wave Technical Analysis – 6th February, 2017

Another upwards day fits the second hourly Elliott wave count. Price is now just above the target range, which was 1,219.11 to 1,233.43. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong...