GOLD Elliott Wave Technical Analysis – 1st May, 2015

Downwards movement has increase the probability of the alternate bear Elliott wave count. I still have two Elliott wave counts, one bull and one bear. Summary: Both wave counts expect a little more downwards movement to most likely complete a five down (I have an...

GOLD Elliott Wave Technical Analysis – 15th October, 2014

The target for a little downwards movement was 1,222. Price reached 1,221.95 and then turned, as expected from the preferred hourly Elliott wave count. Summary: Upwards movement is incomplete. At this stage I expect it is quite likely to end about 1,281, in about one...

GOLD Elliott Wave Technical Analysis – 7th October, 2014

Upwards movement was expected for the main Elliott wave count, which is judged to be about 55-60% likely. The alternate Elliott wave count remains valid, but has slightly reduced in probability today. Summary: Intermediate wave (2) has most likely begun and a new high...

GOLD Elliott Wave Technical Analysis – 15th September, 2014

Again, downwards movement continued. With Monday’s session closing on a green candlestick, the wave count is slightly changed. Summary: The third wave is over and the following fourth wave correction has arrived. The target at 1,221 was not met so this fourth...