GOLD Elliott Wave Technical Analysis – 23rd July, 2015

Price continues to move slowly lower. Another red candlestick fits the main Elliott wave count. I have a new alternate Elliott wave count for you today. Summary: The main wave count and the new alternate still expect more downward movement as does the regular...

GDX Elliott Wave Technical Analysis – 21st July, 2015

I will let Gold lead. For this reason only I will not publish a bull wave count for GDX. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It exhibits truncations readily, and often its threes look like fives while...

GOLD Elliott Wave Technical Analysis – 14th July, 2015

A small red candlestick fits the Elliott wave count. Summary: The main wave count remains the same: it expects downwards movement this week to a target at 1,123 which may be met in two or five days time. To see weekly charts click here. Changes to last analysis are...

GDX Elliott Wave Technical Analysis – 5th July, 2015

I have the same two Elliott wave counts for GDX. I still favour neither. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It exhibits truncations readily, and often its threes look like fives while its fives look...

GOLD Elliott Wave Technical Analysis – 3rd July, 2015

A small upwards correction was expected for the very short term, which is what is happening as the week comes to a close. Summary: It is likely that Monday will see a little more upwards movement to 1,181 – 1,184. Thereafter, both bull and bear wave counts need...

GOLD Elliott Wave Technical Analysis – 24th June, 2015

Both Elliott wave counts expected a little upwards movement, which may have been quick and brief, but price moved lower after a little sideways movement. Summary: A small correction is either underway or due very soon indeed. Today’s long lower wick on the red...

GOLD Elliott Wave Technical Analysis – 15th June, 2015

Sideways movement in a larger range fits the bear Elliott wave count at the hourly chart level better than the bull. Summary: The bear wave count expects downwards movement to 1,165.76 minimum before another five wave structure up to a target at 1,205 (that target may...

GDX Elliott Wave Technical Analysis – 10th June, 2015

I have the same two Elliott wave counts for GDX. I still favour neither. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It exhibits truncations readily, and often its threes look like fives while its fives look...

GDX Elliott Wave Technical Analysis – 21st May, 2015

I have the same two Elliott wave counts for GDX. I still favour neither. Click charts to enlarge. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It exhibits truncations readily, and often its threes look like...