GOLD Elliott Wave Technical Analysis – 30th November, 2017

The short term target for a little more downwards movement was 1,271. Downwards movement has continued and so far has reached 1,269.80, just 1.20 below the target. Summary: Members please note: the second wave count is strongly preferred. Only one final upwards swing...

GOLD Elliott Wave Technical Analysis – 13th September, 2017

Overall sideways movement was expected for the week. So far price has moved a little lower, now finding support almost exactly at a long term trend line. Summary: The correction for minor wave 4 may be over today. If it moves a little lower, then a target at 1,309...

GOLD Elliott Wave Technical Analysis – 12th September, 2017

A short term change from down to up for a bounce was expected. This is what looks like to be happening so far. Summary: Expect overall sideways movement this week. In the short term, look out for a deep bounce for wave B within this correction; it may make a new high...

GOLD Elliott Wave Technical Analysis – 25th August, 2017

An outside day on Friday finally saw some volatility return to the market. While the short term structure on the hourly Elliott wave count is changed, the expectation for the short term remains the same. Summary: Upwards movement may continue early next week to a...

GOLD Elliott Wave Technical Analysis – 22nd August, 2017

Upwards movement was expected for Tuesday’s session. Price has moved sideways to complete an inside day. The Elliott wave counts are changed a little. Summary: Upwards movement may end within the next 24 hours below 1,315.81. Thereafter, there may be a sharp...

GOLD Elliott Wave Technical Analysis – 1st May, 2017

Downwards movement was expected for Monday to end about 1,257. Price moved lower as expected reaching 3.52 below the target so far. Summary: The upwards trend should resume. Confidence may be had in this expectation if price makes a new high above 1,268.38 and breaks...

GOLD Elliott Wave Technical Analysis – 12th April, 2017

Upwards movement continues as expected. Members have been advised to move stops up now to protect some profit. Profit targets are still the same. A new channel on the hourly chart will be used to manage long positions. Summary: The strongest move is still most likely...

GOLD Elliott Wave Technical Analysis – 4th April, 2017

The main Elliott wave count expected upwards movement for Tuesday’s session, which is what has happened. Summary: Look out for strong upwards movement from both Gold and GDX, which may happen within the next 24 hours. The target is at 1,333 in the first...

GOLD Elliott Wave Technical Analysis – 31st March, 2017

Downwards movement was expected to continue. Overall, Friday’s session did move price lower with a lower low and a lower high, but the session closed green with a strong upwards push. This was not expected. Members are offered some trading strategies for how to...