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 – 31st August, 2017

An upwards day has not made a new high and has closed just below the trend line. Classic analysis supports the alternate wave count. Summary: Assume the trend remains the same until proven otherwise. Assume the larger bear market remains intact while price remains...

GOLD Elliott Wave Technical Analysis – 21st August, 2017

A little downwards movement followed by more upwards movement is exactly what all three hourly Elliott wave counts expected for Monday’s session. Summary: Upwards movement may end within the next 24 hours below 1,313.91. Thereafter, there may be a sharp trend...

GOLD Elliott Wave Technical Analysis – 5th June, 2017

Price moved sideways and then higher, which was what was expected from the Elliott wave count. Summary: A trend change is expected here; price is at very strong resistance. The target for the next wave down is either 1,157 to 1,149, or 1,140 or below. If the next...

GOLD Elliott Wave Technical Analysis – 22nd May, 2017

End of week analysis expected sideways or higher movement for the new week. So far this is what is happening with Monday completing an upwards day that has not yet made a new high above last week’s high. Summary: It looks like price may continue sideways or...

GOLD Elliott Wave Technical Analysis – 16th May, 2017

A new high above 1,236.88 indicated more upwards movement towards a target about 1,245. Price continued only slightly higher so far to reach 1,238.88. Summary: Allow for price to continue higher towards 1,245 while it remains within the channels on the hourly charts....

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...