GOLD Elliott Wave Technical Analysis – 3rd November, 2017

Downwards movement at the end of Friday’s session still remains within the consolidation zone that began back in late September. Summary: While an upwards swing within a small consolidation zone is still expected as most likely here to about 1,308, it is...

GOLD Elliott Wave Technical Analysis – 30th October, 2017

Both Elliott wave counts were expecting upwards movement to begin the new trading week, which is so far what has happened. There is an important signal from On Balance Volume today, but it is strongly contradicted by volume for Monday’s session. Summary: While...

GOLD Elliott Wave Technical Analysis – 27th September, 2017

Last analysis allowed for more downwards movement. Summary: The bigger picture reverts to seeing a pullback continue here to about 1,261. It may be as low as 1,170 – 1,158. Look out for a short term bounce. It may find resistance about the upper edge of the pink...

GOLD Elliott Wave Technical Analysis – 14th September, 2017

A little more downwards movement was allowed for and was expected to find very strong support at a long term trend line. This is what appears to be happening today with price bouncing strongly up off the line. Summary: This is my favourite trade set up: a breach of an...

GOLD Elliott Wave Technical Analysis – 11th September, 2017

A consolidation was expected to pull price down to about 1,335. Downwards movement has unfolded mostly as expected, although price is moving in more of a straight line than was expected and has reached 10.30 below the target so far. Summary: Expect overall sideways...

GOLD Elliott Wave Technical Analysis – 23rd August, 2017

Upwards movement for Wednesday’s session has unfolded as expected from both the main and alternate Elliott wave counts. Summary: Upwards movement may end this week below 1,315.81. Thereafter, there may be a sharp trend change and a violent downwards movement....

GOLD Elliott Wave Technical Analysis – 21st July, 2017

Upwards movement continues as expected towards the target. A short term target is now provided. Summary: The short term target is now at 1,264. About here another small consolidation to last about two days may unfold, to be followed by a final small upwards wave that...