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GOLD Elliott Wave Technical Analysis – 15th June, 2018

Downwards movement fits the alternate Elliott wave count, which was expected to have a lower probability. Low probability does not mean no probability; when low probability outcomes do occur, they will never be expected as what was most likely. That is the nature of...

GOLD Elliott Wave Technical Analysis – 8th June, 2018

A small inside day closes green. Upwards movement overall fits with expectations for the main Elliott wave count. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics suggest a low may be in place here or very soon. There is a...

GOLD Elliott Wave Technical Analysis – 7th June, 2018

Upwards movement continues as the main Elliott wave count expects. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics suggest a low may be in place here or very soon. There is a breach of the channel about the last downwards...

GOLD Elliott Wave Technical Analysis – 24th May, 2018

Strong upwards movement fits the main Elliott wave count. This was expected to show up sometime this week or early next week. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and now a cluster of long lower candlestick wicks,...

GOLD Elliott Wave Technical Analysis – 18th May, 2018

Friday moved price a little higher. The main Elliott wave count remains correct so far. Summary: The target is now 1,412. Bullish divergence between price and Stochastics still suggests a low is in place here or very soon. If price continues lower, a target is now at...

GOLD Elliott Wave Technical Analysis – 14th May, 2018

The hourly chart in last analysis expected a pullback for the short term, which is currently unfolding. Summary: The target is now at 1,431. Further and substantial confidence in an upwards trend may be had now if price makes a new high above 1,333.84. For the short...

GOLD Elliott Wave Technical Analysis – 11th May, 2018

Upwards movement continues overall as the main Elliott wave count expects. Both the main and alternate Elliott wave counts remain valid. Summary: The target is now at 1,431. Further and substantial confidence in an upwards trend may be had now if price makes a new...

GOLD Elliott Wave Technical Analysis – 9th May, 2018

Sideways movement to complete an outside day sees price remain within the current consolidation zone and within the Elliott wave channels. Both the main and alternate Elliott wave counts remain valid. Summary: A new high now above 1,318.53 would provide confidence...