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GOLD Elliott Wave Technical Analysis – 23rd May, 2014

Further sideways movement indicates a nine wave triangle is unfolding. It looks incomplete. The confirmation and invalidation points can now be moved closer together, reducing risk and increasing reward. Summary: A break below 1,283.43 would indicate Gold is breaking...

GOLD Elliott Wave Technical Analysis – 9th May, 2014

Last analysis expected to see more sideways movement before the downwards trend resumed. This is mostly what happened. When price breaks below 1,273.43 I will have full confidence in this wave count and the target. Summary: The target for downwards movement to end is...

GOLD Elliott Wave Technical Analysis – 10th February, 2014

Again upwards movement was expected. New highs and an increase in momentum were expected, and this is exactly what happened. The wave count remains the same. Summary: At this stage price should continue to move higher and may show a further increase in momentum. The...

GOLD Elliott Wave Technical Analysis – 23rd December, 2013

Last analysis expected a little more upwards movement towards a short term target at 1,210 before price turned lower. This is not what happened. Last analysis stated that if Monday produced a red candlestick that the current fourth wave correction would be unlikely to...