GOLD Elliott Wave Technical Analysis – 10th October, 2014

Downwards movement was not expected. I had expected upwards movement to show an increase in momentum. Summary: This third wave up should still show a further increase in momentum. The short term target which should be met within a couple of days is 1,245. The mid term...

GOLD Elliott Wave Technical Analysis – 26th August, 2014

I have an increased confidence in the main Elliott wave count today with a breach of the orange channel on the hourly chart. Summary: In the short term I expect the next wave up may be about $26.81 in length, which should see a further increase in upwards momentum. A...

GOLD Elliott Wave Technical Analysis – 11th August, 2014

Last main hourly Elliott wave count expected a continuation of sideways movement as a fourth wave correction unfolds; this sideways movement was expected to continue for one or two days. The alternate hourly wave count was invalidated. Summary: Sideways movement may...

GOLD Elliott Wave Technical Analysis – 21st July, 2014

Sideways movement has not clarified the situation. The Elliott wave counts remain the same. Summary: The situation is unclear. A break above 1,324.73 would indicate a third wave up may be unfolding. A break below 1,304.60 would indicate more downwards movement, which...

GOLD Elliott Wave Technical Analysis – 28th April, 2014

Price did not move quite as high as expected at the start of Monday’s session. This changes the wave count. Summary: I expect to see choppy overlapping movement for another one to three days before the downwards trend resumes. This analysis is published about...

GOLD Elliott Wave Technical Analysis – 26th March, 2014

Downwards movement was expected. The wave count remains the same. Summary: Momentum has not yet shown an increase, but the third wave has not yet reached its middle. I expect strong downwards momentum for the next day or so. The short term target for the next small...

GOLD Elliott Wave Technical Analysis – 11th March, 2014

The main wave count expected upwards movement which is what we have seen. The wave count remains the same. Summary: I expect that we have seen a trend change back to the upside. Movement above 1.353.07 would confirm this. The mid term target is at 1,390 for upwards...

GOLD Elliott Wave Technical Analysis – 25th February, 2014

Again upwards movement was not expected, although it was allowed for and has not invalidated the wave count. I had expected a B wave to begin or be very close to beginning. It is not here yet. The wave count is changed. Summary: The structure within minor wave A most...