GOLD Elliott Wave Technical Analysis – 23rd September, 2016

Upwards movement was expected for Friday. Price moved sideways to complete a small inside day and a green candlestick. Summary: The trend is still up. Monday may move mostly sideways; after a small consolidation is complete, then a new high is expected. Afterwards,...

GOLD Elliott Wave Technical Analysis – 25th July, 2016

Upwards movement was expected. This is not what happened. Price moved lower but remains above the invalidation point on the hourly Elliott wave chart. Summary: The outlook is for a third wave up to 1,515 while price remains above 1,310.84. A new low below 1,310.84...

GOLD Elliott Wave Technical Analysis – 28th June, 2016

Price moved lower as expected but did not reach the target. Summary: A correction may be over at today’s low, or it may continue yet for a few days. The mid term target is at 1,437 and the long term target is at 1,582. Look out for surprises to the upside....

GOLD Elliott Wave Technical Analysis – 6th June, 2016

Sideways movement fits the second Elliott wave count better than the first, but both remain valid while price remains range bound. Summary: At this stage, I would judge the two wave counts to now have an even probability (although volume and On Balance Volume do...

GOLD Elliott Wave Technical Analysis – 13th May, 2016

The main hourly Elliott wave count expected upwards movement which is overall how Friday unfolded. Summary: The trend at intermediate degree still is most likely up. Risk remains at 1,237.97. The target remains at 1,477. It is possible that price may move lower on...

GOLD Elliott Wave Technical Analysis – 12th May, 2016

A little downwards movement was expected from yesterday’s hourly Elliott wave count to end about either 1,270.53 or 1,265.46. So far price has moved lower to 1,263. Summary: It is still likely that a third wave upwards is in the very early stages. The target...

GOLD Elliott Wave Technical Analysis – 19th April, 2016

Downwards movement was expected from the main Elliott wave count. The main hourly count was invalidated above 1,241.55 and the alternate was confirmed. The alternate expected more upwards movement. Summary: A new low below 1,223.77 would provide strong confirmation...