GOLD Elliott Wave Technical Analysis – 8th December, 2017

Sideways movement during Friday’s session has reacted exactly off the upper edge of the channel given on the hourly Elliott wave chart. A new short term target is now calculated for this downwards movement to end and a bounce to begin. Summary: The short term...

GOLD Elliott Wave Technical Analysis – 1st December, 2017

A final upwards swing was expected by the strongly preferred Elliott wave count. This is again exactly what has happened. An Elliott wave triangle and a classic symmetrical triangle are identified. Members are given trading advice and a most likely breakout direction,...

GOLD Elliott Wave Technical Analysis – 12th September, 2017

A short term change from down to up for a bounce was expected. This is what looks like to be happening so far. Summary: Expect overall sideways movement this week. In the short term, look out for a deep bounce for wave B within this correction; it may make a new high...

GOLD Elliott Wave Technical Analysis – 31st August, 2017

An upwards day has not made a new high and has closed just below the trend line. Classic analysis supports the alternate wave count. Summary: Assume the trend remains the same until proven otherwise. Assume the larger bear market remains intact while price remains...

GOLD Elliott Wave Technical Analysis – 25th August, 2017

An outside day on Friday finally saw some volatility return to the market. While the short term structure on the hourly Elliott wave count is changed, the expectation for the short term remains the same. Summary: Upwards movement may continue early next week to a...

GOLD Elliott Wave Technical Analysis – 22nd August, 2017

Upwards movement was expected for Tuesday’s session. Price has moved sideways to complete an inside day. The Elliott wave counts are changed a little. Summary: Upwards movement may end within the next 24 hours below 1,315.81. Thereafter, there may be a sharp...

GOLD Elliott Wave Technical Analysis – 22nd June, 2017

Upwards movement was favoured as more likely for Thursday’s session. This is what has happened. Summary: A new high above 1,259.75 would indicate a bounce to last about two weeks has begun. A new low below 1,241.33 would indicate downwards movement is not over...

GOLD Elliott Wave Technical Analysis – 19th June, 2017

A little sideways movement was expected to be followed by more downwards movement. This is mostly what happened, although price did not move any higher first. Summary: Downwards movement in the short term should be limited to 1,229.88. The target is now 1,235, which...

GOLD Elliott Wave Technical Analysis – 13th June, 2017

Downwards movement continues a little lower, which was not what was expected for Tuesday’s session. Summary: A second wave bounce may end about 1,281. Thereafter, a third wave down may unfold for a few days. Always use a stop, which should be just above the last...