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GOLD Elliott Wave Technical Analysis – 19th February, 2014

Yesterday I expected to see downwards movement. Price has moved mostly sideways and a red candlestick has been produced on the daily chart which fits the wave count perfectly. This analysis is published about 02:45 p.m. EST. The wave count remains the same. Summary: I...

GOLD Elliott Wave Technical Analysis – 5th February, 2014

Upwards movement was expected from the main hourly wave count which was strongly favoured. The downwards correction which followed it is finding support about the lower edge of the trend channel. Summary: I expect a little more downwards movement to complete a second...

GOLD Elliott Wave Technical Analysis – 10th January, 2014

The main hourly wave count for last analysis had a higher probability than the alternate and expected more upwards movement. This is what happened, and price movement above 1,231.64 invalidated the alternate providing further confidence in the main wave count. As more...

GOLD Elliott Wave Technical Analysis – 2nd December, 2013

Movement below 1,241.21 invalidated the main hourly wave count. Further movement below 1,225.4 confirmed the alternate daily wave count. At that stage the target for downwards movement was at 1,206. The main wave count is invalidated and I now expect more downwards...