GOLD Elliott Wave Technical Analysis – 28th September, 2017

Last analysis (which was just a few hours ago) expected a short term bounce. So far price has moved sideways and very slightly higher. Summary: The bigger picture sees a pullback continue here to about 1,261. It may be as low as 1,170 – 1,158. Look out for a...

GOLD Elliott Wave Technical Analysis – 25th September, 2017

Price has moved strongly higher breaking out of the channel which contained prior downwards movement. Summary: Gold has most likely had a trend change. The target for upwards movement is either about 1,330 (second wave count) or possibly as high as 1,440 (first wave...

GOLD Elliott Wave Technical Analysis – 2nd June, 2017

Upwards movement was unexpected and invalidated the hourly Elliott wave count. Summary: Some sideways movement to remain above 1,269.45 and then another short upwards movement to touch the maroon trend line is expected next week. If the trend line is touched, it...

GOLD Elliott Wave Technical Analysis – 25th May, 2017

Further sideways movement was expected. The consolidation continues. Summary: The breakout may be upwards, but it may be relatively short and brief. Thereafter, a new downwards trend may develop. The consolidation is most likely incomplete. In the short term, a new...

GOLD Elliott Wave Technical Analysis – 29th March, 2017

Another downwards day for Wednesday overall was expected. The main Elliott wave count remains the same and is still preferred over the alternate. Summary: A pullback to about 1,230 may continue. The target may be reached now in another 4 days time. New updates to this...