GOLD Elliott Wave Technical Analysis – 27th January, 2014

Both hourly wave counts were invalidated: first the alternate with upwards movement, and following that the main with downwards movement. The structure of the last upwards wave on the hourly chart is now clear and complete. The current downwards wave is incomplete....

GOLD Elliott Wave Technical Analysis – 19th December, 2013

Yesterday’s short term target at 1,205 has been comfortably passed, and at the time of publication price is 13.67 below the target. The wave count remains the same. Click on the charts below to enlarge. Gold is still within a large fourth wave correction at...

GOLD Elliott Wave Technical Analysis – 10th October, 2013

Yesterday’s analysis expected more downwards movement, with a second wave correction along the way. This is pretty much what has happened; price has stepped lower with corrections along the way. The short term target for last analysis was at 1,287. Price has...