GOLD Elliott Wave Technical Analysis – 11th September, 2018

Downwards movement continues to unfold slowly as both Elliott wave counts expect, at least for the short term. Summary: The trend is down and may not be complete for Gold. Expect some more downwards movement this week, although it is possible price may move sideways...

GOLD Elliott Wave Technical Analysis – 20th August, 2018

Upwards movement was expected to begin the week for both Gold and GDX. This is exactly what has happened. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning December 2016). The long term target is at...

GOLD Elliott Wave Technical Analysis – 27th July, 2018

The main hourly Elliott wave count for Friday expected a new low at least slightly below 1,218.61 but not below 1,212.11. A new low to 1,217.68 fits this expectation very well. The alternate daily Elliott wave count remains valid. Summary: A new high now above...

GOLD Elliott Wave Technical Analysis – 23rd July, 2018

Upwards movement has unfolded for Monday although the candlestick closes red. Upwards movement is what was expected. Summary: It still looks very likely that a low is in place for Gold for the short to mid term. A bounce up now to about 1,307 is expected to last a few...

GOLD Elliott Wave Technical Analysis – 11th July, 2018

More downwards movement was expected for Wednesday’s session, which is exactly what happened. Summary: A multi day to multi week consolidation is likely still unfolding. It may be a sideways consolidation to last one to two weeks, remaining below 1,282.20. At...

GOLD Elliott Wave Technical Analysis – 9th July, 2018

A small upwards day to just above 1,265 fits expectations for the short term. 1,265 was expected to be about where upwards movement may find resistance. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways...

GOLD Elliott Wave Technical Analysis – 6th July, 2018

Sideways movement to end the week fits the short term expectations for the Elliott wave count. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways consolidation to last one to two weeks, remaining below 1,282.20. When...