GOLD Elliott Wave Technical Analysis – 10th October, 2017

The overall upwards trend continues, which is what the Elliott wave counts expected at the daily chart level. Summary: A pullback to test support is still likely either here or very soon. The target is at 1,274 – 1,273. Overall, at this time, the trend is up. If...

GOLD Elliott Wave Technical Analysis – 6th October, 2017

The target for downwards movement was 1,256. Price has reached 1,260.72, 4.42 short of the target. Summary: A low may be in place at least for the mid term for Gold. A breach of the channel on the hourly charts is required for confidence in this view. The fist target...

GOLD Elliott Wave Technical Analysis – 3rd October, 2017

Downwards movement continued as both Elliott wave counts expected. Volume analysis will be used to indicate which of three hourly Elliott wave counts looks most likely. Summary: Assume the trend remains down while price remains below 1,289.67. A new high above...

GOLD Elliott Wave Technical Analysis – 5th September, 2017

Upwards movement continues as the main Elliott wave count expects. Price today bounced up perfectly from the upper edge of the base channel. This gives us an important clue as to what should happen next. Summary: An upwards breakout has support from volume. Look out...

GOLD Elliott Wave Technical Analysis – 21st August, 2017

A little downwards movement followed by more upwards movement is exactly what all three hourly Elliott wave counts expected for Monday’s session. Summary: Upwards movement may end within the next 24 hours below 1,313.91. Thereafter, there may be a sharp trend...

GOLD Elliott Wave Technical Analysis – 4th July, 2017

Sideways movement fits expectations following the strong downwards day of the 3rd of July, which was also expected. The Elliott wave count is nicely predicting price behaviour at this time, and it has substantial support from classic technical analysis. Summary:...