The breakout from a consolidation zone has still not happened. The longer price coils between support and resistance, the more violent the breakout will be.

Continue reading GOLD Elliott Wave Technical Analysis – 10th April, 2017 →

Downwards movement was expected for Tuesday but did not happen.

Price has moved higher but remains below the invalidation point on the hourly Elliott wave count.

Continue reading GOLD Elliott Wave Technical Analysis – 31st January, 2017 →

A small downwards day remains above the invalidation point on the main hourly Elliott wave count.

So far price continues to find support at the lower edge of the channel.

Continue reading GOLD Elliott Wave Technical Analysis – 24th January, 2017 →

A small inside day sees upwards movement. Price remains below the invalidation point.

Continue reading GOLD Elliott Wave Technical Analysis – 16th December, 2016 →

Yesterday’s analysis was summarised with a warning that the consolidation pattern did not look complete.

Another inside day has essentially moved price sideways within a small range continuing the consolidation.

Continue reading GOLD Elliott Wave Technical Analysis – 27th October, 2016 →

Upwards movement was expected for Monday’s session, which is what has happened.

Continue reading GOLD Elliott Wave Technical Analysis – 19th September, 2016 →

Upwards movement was expected, but a warning was given due to some bearishness in volume.

Continue reading GOLD Elliott Wave Technical Analysis – 3rd August, 2016 →

A downwards breakout from a small pennant pattern has unfolded exactly as expected.

Continue reading GOLD Elliott Wave Technical Analysis – 20th July, 2016 →