GOLD Elliott Wave Technical Analysis – 11th September, 2017

A consolidation was expected to pull price down to about 1,335. Downwards movement has unfolded mostly as expected, although price is moving in more of a straight line than was expected and has reached 10.30 below the target so far. Summary: Expect overall sideways...

GOLD Elliott Wave Technical Analysis – 4th September, 2017

Upwards movement continues as the new main wave count expects. Summary: An upwards breakout has support from volume. Look out for very strong upwards movement in upcoming weeks to a target at 1,452. In the short term, corrections may now find support at the upper edge...

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...