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GOLD Elliott Wave Technical Analysis – 14th November, 2016

by Lara | Nov 14, 2016 | Gold | 15 comments

More downwards movement unfolded as expected. Summary: Some weakness is now seen to this downwards movement. Volume today has declined further and the daily candlestick has a long lower wick. Some sideways / upwards movement may begin here for a few days. If this...

GOLD Elliott Wave Technical Analysis – 14th October, 2016

by Lara | Oct 15, 2016 | Gold | 11 comments

A consolidation was expected to continue. Price moved lower within a small range, mostly as expected. Summary: A small triangle may have finished on Friday. The next wave down may be surprisingly short. A target is at 1,230. If this target is wrong, it may be a little...

GOLD Elliott Wave Technical Analysis – 22nd August, 2016

by Lara | Aug 22, 2016 | Gold | 21 comments

A new low below 1,334.06 invalidated the main Elliott wave count at the hourly chart level, indicating more downwards movement ahead. Summary: Price should move a little lower to complete a five wave impulse. The short term target is at 1,315. If price breaks below...

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