Analysis for the last two days has advised members to assume the trend remains the same, upwards, until proven otherwise. Friday has continued the upwards trend. A new short term target is now calculated.
Continue reading GOLD Elliott Wave Technical Analysis – 13th October, 2017
Upwards movement has invalidated the first weekly chart. With some adjustment, the triangle idea remains valid.
Continue reading GOLD Elliott Wave Technical Analysis – 6th June, 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.
Continue reading GOLD Elliott Wave Technical Analysis – 10th April, 2017
Sideways movement was again expected for Monday’s session. Price moved slowly higher in a small range, mostly fitting expectations.
Continue reading GOLD Elliott Wave Technical Analysis – 20th March, 2017
Downwards movement was expected for Tuesday but did not happen.
Price has moved higher but remains below the invalidation point on the hourly Elliott wave count.
Continue reading GOLD Elliott Wave Technical Analysis – 31st January, 2017
A small downwards day remains above the invalidation point on the main hourly Elliott wave count.
So far price continues to find support at the lower edge of the channel.
Continue reading GOLD Elliott Wave Technical Analysis – 24th January, 2017