GOLD Elliott Wave Technical Analysis – 12th July, 2017

A new high above 1,222.72 invalidated the main hourly Elliott wave count and added confidence to the alternate hourly Elliott wave count. The alternate has some support from volume analysis, and its target remains the same today. Summary: In the short term, a bounce...

SILVER Elliott Wave Technical Analysis – 18th September, 2013

Last analysis expected upwards movement, but required a trend channel breach of the channel on the hourly chart before confidence could be had in a trend change. We have the breach now and a trend change confirmed, but price moved lower first. This is exactly why I...

Silver Elliott Wave Technical Analysis – 5th September, 2013

Last week’s analysis expected a little more upwards movement from Silver before a minor wave B downwards began. We did not see upwards movement; price just moved lower in what is so far a clear three wave structure. Click on the charts below to enlarge. Within...

GOLD Elliott Wave Technical Analysis – 3rd September, 2013

Price moved higher as expected. The main wave count remains the same. I have a new alternate hourly wave count for you today. Both hourly wave counts expect more upwards movement, and the difference is in expected momentum. Click on the charts below to enlarge....

GOLD Elliott Wave Technical Analysis – 2nd September, 2013

Last analysis expected the end of a fourth wave correction to be confirmed by a channel breach on the hourly chart. We did not get a confirmation that the correction was over. Price continued lower breaching invalidation points on both hourly wave counts. Click on the...

GOLD Elliott Wave Technical Analysis – 30th August, 2013

Gold moved lower in a fourth wave correction, which was expected, and we had no confirmation that the correction was over. The wave count remains the same at the daily chart level, with two hourly wave counts for you today. Click on the charts below to enlarge....