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GOLD Elliott Wave Technical Analysis – 17th October, 2014

Downwards movement breached the first invalidation point on the hourly chart, but remained above the second invalidation point and found support at the lower edge of the channel. Summary: Monday should complete a green candlestick on the daily chart. The target for...

GOLD Elliott Wave Technical Analysis – 9th September, 2014

Price has moved lower which was expected, but the short term target was not met. The wave count remains mostly the same; targets remain the same. Summary: The short term target at 1,241 should be met within 24 hours now. Thereafter, a small upwards correction may last...

GOLD Elliott Wave Technical Analysis – 10th March, 2014

Price moved lower as expected, but failed to reach the short term targets at 1,319 to 1,316. Downwards movement reached only to 1,328. Both wave counts are still valid but I favour the main wave count strongly. Summary: I expect that we may have just seen a trend...