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GOLD Elliott Wave Technical Analysis – 7th July, 2016

Upwards movement was expected as most likely from the main Elliott wave count. The alternate expected a little downwards movement. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect upwards momentum to increase in coming weeks. The...

GOLD Elliott Wave Technical Analysis – 31st May, 2016

Upwards movement was expected for Tuesday, which is exactly what happened. Summary: The trend may still be down although classic technical analysis indicates a low may be in place. A final fourth wave correction may last another one to three sessions and may end about...

GOLD Elliott Wave Technical Analysis – 6th May, 2016

Upwards movement was expected from last analysis. Volume continues to favour the main Elliott wave count. Summary: Volume supports upwards movement and not downwards movement. The probability of new highs next week looks good. A new high above 1,303.51 would confirm a...