GOLD Elliott Wave Technical Analysis – 31st October, 2017

Price remains above 1,260.72, so both Elliott wave counts remain valid. Volume and On Balance Volume today are giving signals as to what is most likely to happen next to price. Summary: Upwards movement for a third wave should begin now. The first target is at 1,294...

GOLD Elliott Wave Technical Analysis – 13th July, 2017

Price has moved sideways and remains above the invalidation point on the hourly chart. The correction is taking a little longer than expected. Summary: In the short term, a bounce may continue higher for another one or two days now, to end about 1,228 to 1,232. This...

GOLD Elliott Wave Technical Analysis – 5th July, 2017

More sideways and upwards movement was expected. An outside day which closed higher fits expectations. Summary: Expect price to continue higher to about 1,233 to 1,237. This may offer a good entry point for a short position. It is strongly recommended that members...

GOLD Elliott Wave Technical Analysis – 30th June, 2017

A breakout from the consolidation was expected for Friday but did not happen. Both Elliott wave counts at the hourly chart level remain valid. Summary: A downwards breakout from this consolidation may now come on Monday or Tuesday. A new low reasonably below 1,237.06...

GOLD Elliott Wave Technical Analysis – 9th June, 2017

The invalidation point on the daily chart was breached indicating a trend change. Summary: It looks like Gold has had a trend change, but this will not be finally confirmed until price makes a new low below 1,214.81. Because the short side involves reasonable risk it...

GOLD Elliott Wave Technical Analysis – 13th April, 2017

Upwards movement continues and price has remained within the upper half of the channel on the hourly chart, which was expected at this stage. Trading advice is given to members to manage long positions towards the end of this week. Summary: In the short term, a...

GOLD Elliott Wave Technical Analysis – 6th April, 2017

An upwards breakout was again expected, but price remains range bound. Summary: Look out for strong upwards movement from both Gold and GDX, which may happen during a price shock instigated by the release of Non Farm Payroll data during tomorrow’s session. The...

GOLD Elliott Wave Technical Analysis – 15th March, 2017

Price moved strongly higher exactly as the Elliott wave count expected for a third wave up. Targets remain the same. Summary: Reasonable confidence is had today in the Elliott wave count. The structure of this upwards wave is incomplete and for now the invalidation...

GOLD Elliott Wave Technical Analysis – 13th March, 2017

Price has moved overall higher as expected from the main hourly Elliott wave count in last analysis. Summary: A little confidence may be had in a trend change, but weak volume and a long upper wick on Monday’s candlestick is concerning. It is possible we may see...