GOLD Elliott Wave Technical Analysis – 28th October, 2016

Downwards movement was expected for Friday, but this is not what happened. Upwards movement breached the invalidation point on the main hourly Elliott wave count and was supported by volume. Summary: A new wave count expects a very slight new high on Monday to be...

GOLD Elliott Wave Technical Analysis – 20th September, 2016

Upwards movement was again expected. Price has moved sideways to complete an inside day. Summary: The larger picture remains bullish. It is still more likely that Gold remains in a larger upwards trend and this downwards movement is a countertrend pullback. There is...

GOLD Elliott Wave Technical Analysis – 4th August, 2016

A correction was expected to unfold, which is what has happened, but it was expected to be over more quickly though. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one...

GOLD Elliott Wave Technical Analysis – 21st July, 2016

The targets were not met before price turned and moved higher. Downwards targets for the correction to end were inadequate. Summary: The correction looks like it is over. A short term target for a strong third wave up is at 1,515. New updates to this analysis are in...

GOLD Elliott Wave Technical Analysis – 1st July, 2016

Upwards movement invalidated the main hourly Elliott wave count increasing the probability of the two alternates, both of which expected price to move higher. Summary: Probability has shifted to a third wave up being underway. The mid term target remains at 1,437....

GOLD Elliott Wave Technical Analysis – 2nd June, 2016

Sideways movement was expected. A red candlestick with a small real body fits expectations for the session. Summary: Another one to two days of sideways movement is expected at this stage, followed by a short sharp thrust lower to support at 1,190 or the target at...

GOLD Elliott Wave Technical Analysis – 9th May, 2016

Upwards movement was expected for Monday’s session but did not happen. The hourly Elliott wave count was invalidated by downwards movement. Summary: Volume still supports a bullish wave count. Upwards movement should continue from here or very soon. The target...

GOLD Elliott Wave Technical Analysis – 15th April, 2016

The main Elliott wave count expected a small bounce to be followed by more downwards movement. The bounce was longer lasting and a little deeper than expected. This changes the wave count short term but not mid term. Summary: A new low below 1,209.08 would confirm the...