GOLD Elliott Wave Technical Analysis – 30th October, 2017

Both Elliott wave counts were expecting upwards movement to begin the new trading week, which is so far what has happened. There is an important signal from On Balance Volume today, but it is strongly contradicted by volume for Monday’s session. Summary: While...

GOLD Elliott Wave Technical Analysis – 14th September, 2017

A little more downwards movement was allowed for and was expected to find very strong support at a long term trend line. This is what appears to be happening today with price bouncing strongly up off the line. Summary: This is my favourite trade set up: a breach of an...

GOLD Elliott Wave Technical Analysis – 11th September, 2017

A consolidation was expected to pull price down to about 1,335. Downwards movement has unfolded mostly as expected, although price is moving in more of a straight line than was expected and has reached 10.30 below the target so far. Summary: Expect overall sideways...

GOLD Elliott Wave Technical Analysis – 23rd August, 2017

Upwards movement for Wednesday’s session has unfolded as expected from both the main and alternate Elliott wave counts. Summary: Upwards movement may end this week below 1,315.81. Thereafter, there may be a sharp trend change and a violent downwards movement....

GOLD Elliott Wave Technical Analysis – 3rd July, 2017

A downwards breakout was expected for Monday or Tuesday. A new low reasonably below 1,237.06 was the price point which provided confirmation. This happened quickly on Monday. Summary: Members who entered short when price moved below 1,237.06 should now consider taking...

GOLD Elliott Wave Technical Analysis – 2nd May, 2017

Price moved slightly lower, which was not what the main wave count expected, but it was allowed for. No confirmation of a trend change has yet been seen. Summary: The upwards trend should resume here or very soon. Confidence may be had in this expectation if price...

GOLD Elliott Wave Technical Analysis – 10th April, 2017

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. Summary: On Balance Volume at the daily and possibly also weekly chart levels gives bullish signals for Gold....

GOLD Elliott Wave Technical Analysis – 5th April, 2017

Upwards movement was expected. Price moved lower, but has rebounded strongly after the session closed. Downwards movement remained above the invalidation point on the hourly chart. Summary: Look out for strong upwards movement from both Gold and GDX, which may still...