GOLD Elliott Wave Technical Analysis – 29th December, 2014

Downwards movement was not expected and has invalidated the hourly Elliott wave count. The Elliott wave count is changed slightly, but the mid term picture and target remains the same. Summary: The short term target is at 1,250. I expect to see an increase in upwards...

GOLD Elliott Wave Technical Analysis – 18th December, 2014

Downwards movement was expected, but this is not what happened. However, upwards movement was allowed for and has not breached the invalidation point on the hourly Elliott wave chart. Summary: This upwards movement has meant the target is recalculated. It is now at...

GOLD Elliott Wave Technical Analysis – 29th October, 2014

Sideways movement was expected for the short term, and overall downwards movement was expected this week. Summary: Minute wave b is over already. Downwards movement should continue. The target for this downwards wave to end is now at 1,182. Click on charts to enlarge....

GOLD Elliott Wave Technical Analysis – 20th October, 2014

Upwards movement continues as expected. The double zigzag structure is even more likely and has the best fit. Summary: The target for upwards movement to end is a small zone: 1,277 – 1,281. It looks like the target may now be met in either two or five more...

GOLD Elliott Wave Technical Analysis – 25th August, 2014

The (B)-(D) trend line of the primary wave 4 triangle continues to provide strong support. The main Elliott wave count still has a higher probability. Summary: The breakout is most likely to be upwards when price breaks out of this sideways move it has been in for two...

GOLD Elliott Wave Technical Analysis – 6th June, 2014

Sideways movement completed a red doji candlestick for Friday’s session. The prior day’s high at 1,258.38 remains intact for now and the wave count remains the same. Summary: A third wave down has most likely begun. The target is 1,206. Movement below...

GOLD Elliott Wave Technical Analysis – 25th April, 2014

Upwards movement was expected. The target is not yet reached, but the structure is incomplete. The target may be reached on Monday. Summary: In the short term I expect to see a little more upwards movement. It may end about 1,308 or it may continue higher. If we see a...

GOLD Elliott Wave Technical Analysis – 25th March, 2014

Yesterday’s analysis expected downwards movement to continue. A slight new low was made, but overall price has moved sideways and slightly higher for the session. The target remains the same and the wave count is mostly the same. Summary: It is most likely we...

GOLD Elliott Wave Technical Analysis – 24th February, 2014

Upwards movement invalidated the hourly wave count. Although a new high within a B wave is possible this high is too soon within the B wave to fit the wave count. The wave count is changed. Summary: Minor wave A is just complete or very close to completion. The next...