GOLD Elliott Wave Technical Analysis – 27th June, 2018

Downwards movement continued as last analysis expected it to. The target remains the same. Summary: The short term target is at 1,226 for a multi day to multi week consolidation. The mid term target is 1,216 – 1,211. Downwards movement may be limited to no lower...

GOLD Elliott Wave Technical Analysis – 20th June, 2018

Price is right at a trend line on the prior main Elliott wave count. Movement over the next very few days may provide some illumination as to which Elliott wave count is more likely. Summary: In the first instance, look now for support at the black (2)-(4) trend line...

GOLD Elliott Wave Technical Analysis – 7th December, 2017

Further downwards movement should have given all members of Elliott Wave Gold profits today, if trading advice was taken. A new short term target is given and a new channel is used to indicate when downwards movement may be over. Summary: The short term target is...

GOLD Elliott Wave Technical Analysis – 30th August, 2017

Another red daily candlestick has printed as expected, but price continues to move sideways and not lower. Summary: Assume the trend remains the same until proven otherwise. Assume the larger bear market remains intact while price remains below the bear market trend...

GOLD Elliott Wave Technical Analysis – 25th August, 2017

An outside day on Friday finally saw some volatility return to the market. While the short term structure on the hourly Elliott wave count is changed, the expectation for the short term remains the same. Summary: Upwards movement may continue early next week to a...

GOLD Elliott Wave Technical Analysis – 4th August, 2017

A break below the channel and then below 1,260.03 has indicated the second hourly Elliott wave count was correct. Summary: Gold has likely had a trend change. The target is at 1,184. This may be met in about five weeks. Always use a stop. Invest only 1-5% of equity on...

GOLD Elliott Wave Technical Analysis – 31st July, 2017

Overall, more upwards movement was expected; a slight new high fits the main Elliott wave count. Downwards movement during Monday’s session remained above the short term invalidation point on the hourly chart. Summary: The target is 1,277. Use the blue Elliott...

GOLD Elliott Wave Technical Analysis – 22nd June, 2017

Upwards movement was favoured as more likely for Thursday’s session. This is what has happened. Summary: A new high above 1,259.75 would indicate a bounce to last about two weeks has begun. A new low below 1,241.33 would indicate downwards movement is not over...

GOLD Elliott Wave Technical Analysis – 19th May, 2017

Last analysis expected it was most likely that price would move sideways and slowly higher. An inside day closing green fits this description exactly. Summary: It looks like next week price may continue sideways or slowly higher towards a target about 1,276 (which may...