GOLD Elliott Wave Technical Analysis – 27th May, 2016

Downwards movement continued, which was expected for the alternate hourly Elliott wave count but not the main. Summary: The trend is still down. The final target remains the same at 1,183 in the first instance. Along the way down, there should be one more small fourth...

GOLD Elliott Wave Technical Analysis – 19th May, 2016

More downwards movement was expected to a target at 1,250 for the main Elliott wave count. Price reached 5.65 below the target to reach 1,244.35 during the session. Summary: The main wave count expects upwards movement from here to a short term target at 1,415 and a...

GOLD Elliott Wave Technical Analysis – 4th May, 2016

Price moved lower again as yesterday’s Elliott wave count expected. Summary: The correction now looks to be complete. Price looks like it may be exhibiting a typical throwback to support after an upwards breakout. On Balance Volume may assist to stop the fall in...