GOLD Elliott Wave Technical Analysis – 12th September, 2017

A short term change from down to up for a bounce was expected. This is what looks like to be happening so far. Summary: Expect overall sideways movement this week. In the short term, look out for a deep bounce for wave B within this correction; it may make a new high...

GOLD Elliott Wave Technical Analysis – 14th August, 2017

Downwards movement has unfolded as expected for Monday’s session. Summary: A pullback may end within the next few hours about 1,275. If this is how price behaves, it may offer us an entry opportunity to join the upwards trend. The final target is now at 1,320....

GOLD Elliott Wave Technical Analysis – 4th July, 2017

Sideways movement fits expectations following the strong downwards day of the 3rd of July, which was also expected. The Elliott wave count is nicely predicting price behaviour at this time, and it has substantial support from classic technical analysis. Summary:...

GOLD Elliott Wave Technical Analysis – 26th May, 2017

An upwards breakout looks to have occurred earlier than expected. Summary: In the short term, a new low below 1,259.61 prior to a new high would add confidence in a trend change back to down. At that stage, the target would be 1,140 although this may be too low. A new...

GOLD Elliott Wave Technical Analysis – 12th May, 2017

Upwards movement has continued as expected. With some structure now to analyse, targets can be calculated. Summary: A bounce has begun. It looks like a counter trend movement. Be diligent with risk management if trading this movement upwards. The target for Monday /...

GOLD Elliott Wave Technical Analysis – 5th May, 2017

A little sideways movement followed by another wave down was expected in last analysis. This is what has happened. Summary: The new target for Monday is 1,214. If this is wrong, it may be too low because price is at strong support and On Balance Volume is at support...

GOLD Elliott Wave Technical Analysis – 30th March, 2017

Downwards movement continued for Thursday as expected. Price is now below the lower edge of the base channel on the hourly chart. Summary: A pullback to about 1,230 may continue. The target may be reached now in another 3 days time. Volume and On Balance Volume today...

GOLD Elliott Wave Technical Analysis – 25th January, 2017

A breach of the trend channel and a new low below 1,195.82 invalidated the main Elliott wave count and confirmed the alternate. Summary: A deeper pullback looks very likely to have begun. Short positions should be watched carefully because this may be a choppy...

GOLD Elliott Wave Technical Analysis – 23rd January, 2017

A small upwards day has made a slight new high. Both Elliott wave counts remain the same. Summary: The bottom line is still that it must be accepted there is no indication yet of an end to this upwards wave while Gold remains within the channel and above the...