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GOLD Elliott Wave Technical Analysis – 24th March, 2014

As expected upwards movement found resistance at the pink trend line on the daily chart. Downwards movement continues towards the target. We now have a clear breach of the pink channel on the daily chart providing final confirmation of a trend change at minor degree....

GOLD Elliott Wave Technical Analysis – 19th March, 2014

Downwards movement was expected for both the main and alternate wave counts. I had expected a little more upwards movement to 1,366 first, but this target was not reached. Summary: The main wave count has increased in probability. If the next candlestick remains below...

GOLD Elliott Wave Technical Analysis – 18th March, 2014

Downwards movement was expected for the main wave count. I have a new alternate wave count for you. Summary: I expect a little upwards movement to 1,366 to complete a correction. This should be followed by more downwards movement. We need to see a clear breach of the...

GOLD Elliott Wave Technical Analysis – 10th March, 2014

Price moved lower as expected, but failed to reach the short term targets at 1,319 to 1,316. Downwards movement reached only to 1,328. Both wave counts are still valid but I favour the main wave count strongly. Summary: I expect that we may have just seen a trend...