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GOLD Elliott Wave Technical Analysis – 8th January, 2014

The main and first alternate hourly wave counts yesterday expected more downwards movement which is what we have seen. The second alternate now looks extremely unlikely and will be discarded. At this stage the two remaining wave counts expect the same direction next....

GOLD Elliott Wave Technical Analysis – 11th December, 2013

Price has moved lower. I had expected it a little, but I had not expected it to be this slow. The situation at this stage is unclear. I have looked for alternates for you, including a bullish alternate which sees a trend change at 1,211.83 five days ago. I have...

GOLD Elliott Wave Technical Analysis – 5th December, 2013

Yesterday’s analysis expected a little more upwards movement before price turned down. This is not what happened. A careful analysis of the last downwards wave on the hourly chart will determine if this correction is over or not. Click on the charts below to...

GOLD Elliott Wave Technical Analysis – 27th November, 2013

Yesterday’s analysis expected upwards movement for a third wave to begin towards a target at 1,286. The target was expected to be one to two days away. Price did move a little higher, but thereafter moved to a slight new low. The third wave has not yet begun....

US OIL Elliott Wave Technical Analysis – 1st November, 2013

Last analysis on 23rd October had a short to mid term target at 94.46. Price reached down to 94.36, but the structure is incomplete and price should continue lower. Click on the charts below to enlarge. The bigger picture sees US Oil in a new downwards trend to last...