GOLD Elliott Wave Technical Analysis – 1st April, 2014

Price has moved slightly lower. The target was not reached. I have only one hourly wave count for you today. Summary: Downwards movement may have just ended. A clear breach of the orange channel on the hourly chart is required for confidence in a trend change. This...

GOLD Elliott Wave Technical Analysis – 3rd March 2014

Movement above 1,333.02 invalidated the hourly wave count. Upwards movement was not expected for Monday’s session. The wave count is changed. Summary: Minor wave A is continuing higher. The target at 1,377 – 1,380 may be met within two days. This analysis...

GOLD Elliott Wave Technical Analysis – 31st January, 2014

More downwards movement was expected for Friday. Price moved sideways completing a doji candlestick on the daily chart and the invalidation point on the hourly chart was not breached. The wave count remains the same. Summary: Downwards movement is still not over. The...

GOLD Elliott Wave Technical Analysis – 14th January, 2014

Last analysis expected one or two more days of upwards movement towards a target at 1,280. This is not what happened. Downwards movement has breached the parallel channel on the hourly chart, and invalidated the main wave count at the hourly chart level. The wave...

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 – 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....