GOLD Elliott Wave Technical Analysis – 23rd October, 2017

With an invalidation of the main hourly Elliott wave count below 1,276.10, the alternate hourly Elliott wave count now has confidence. Summary: A consolidation for a B wave should complete this week. Short term upwards movement should reach a minimum of 1,302.74....

GOLD Elliott Wave Technical Analysis – 18th September, 2017

With price closing below a long term bear market trend line, the analysis is today again changed. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at 1,300 to 1,297. This downwards swing may go as low as 1,170 to...

GOLD Elliott Wave Technical Analysis – 1st August, 2017

Upwards movement continues as expected. A downwards whipsaw breached the invalidation point on the hourly chart, which was too close. Summary: The target is 1,277. Use the blue Elliott channel on the daily and hourly charts to indicate when price has turned. Expect...

GOLD Elliott Wave Technical Analysis – 29th June, 2017

Gold remains within the consolidation zone after another day of essentially sideways movement, which was expected. Summary: A downwards breakout from this consolidation may now come within the next 24 hours. A new low now below 1,240.17 would indicate price may be...

GOLD Elliott Wave Technical Analysis – 19th May, 2017

Last analysis expected it was most likely that price would move sideways and slowly higher. An inside day closing green fits this description exactly. Summary: It looks like next week price may continue sideways or slowly higher towards a target about 1,276 (which may...