GOLD Elliott Wave Technical Analysis – 21st October, 2016

Both Elliott wave counts remain viable. Classic technical analysis continues to support the main Elliott wave count. Summary: A new low below 1,258.38 would confirm the main wave count. The target is at 1,227. If this target is wrong, it may not be low enough. It is...

GOLD Elliott Wave Technical Analysis – 15th September, 2016

Upwards movement was expected from yesterday’s Elliott wave count, but again has not happened. Summary: Upwards movement is still expected. The weight of evidence still indicates a longer term upwards trend is in place. The short term target is at 1,440. The...

GOLD Elliott Wave Technical Analysis – 7th September, 2016

Last analysis expected a small sideways correction to unfold and remain above 1,327.30. Price has moved lower in a small range, which fits expectations. Summary: Look out now for surprises to the upside. A small sideways correction may complete about 1,338, remaining...

GOLD Elliott Wave Technical Analysis – 8th July, 2016

The main hourly Elliott wave count was invalidated and the alternate confirmed. Thereafter, price moved lower towards the target then turned upwards as expected for that wave count. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect...

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...