GOLD Elliott Wave Technical Analysis – 27th July, 2016

Again, upwards movement was expected. A new high above 1,333.66 added further confidence to the main Elliott wave count. The target remains the same. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no...

GOLD Elliott Wave Technical Analysis – 14th June, 2016

Yesterday’s analysis expected one more high to 1,289. Price moved up to a high at 1,289.59 for the session. Summary: The trend is tired but may still not be over even though the channel is breached. Another high to 1,300 may still unfold. Trading advice: This...

GOLD Elliott Wave Technical Analysis – 8th June, 2016

The main Elliott wave count yesterday expected more upwards movement to a target at 1,255 or 1,267. So far price has moved higher as expected reaching 1,263.97. Summary: The main wave count has a higher probability. It expects an upwards wave to end about 1,267....

GOLD Elliott Wave Technical Analysis – 21st April, 2016

A new high above 1,262.47 invalidated the main hourly Elliott wave count and confirmed the alternate. I have three Elliott wave counts for you today. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they...

GOLD Elliott Wave Technical Analysis – 31st March, 2016

Upwards movement was expected. This is how the session began but most gains were retraced. Summary: Two wave counts today both expect more upwards movement. In the short term, a third wave up may still be beginning. It is reasonably likely that price will reach to...

GOLD Elliott Wave Technical Analysis – 8th March, 2016

A correction was expected to continue. The small red candlestick for Tuesday’s session fits both Elliott wave counts. Summary: A correction is still unfolding and should continue sideways. The correction may include a new high above 1,279.45. It is most likely a...

GOLD Elliott Wave Technical Analysis – 16th February, 2016

More downwards movement was expected to end within 1,200.76 to 1,181.41. The target was 1,184 within this zone. Price moved lower as expected to reach 1,192.68. Summary: A new high above 1,205.17 would provide a little confidence that the correction is over. A clear...

GOLD Elliott Wave Technical Analysis – 15th February, 2016

A correction was expected to continue. Downwards movement overall was expected. Summary: The correction is incomplete. It may end in another one, three or six sessions to total a Fibonacci three, five or eight daily candlesticks. It may end within a range of 1,200.76...