US OIL Elliott Wave Technical Analysis – 13th August, 2013

Last week’s analysis expected downwards movement to a short term target at 98.66 or 92.42. Price did move lower to make a new low at 102.24 but then turned back upwards. Price remains below the invalidation point on the daily chart and the wave count remains...

GOLD Elliott Wave Technical Analysis – 7th August, 2013

Last week’s analysis expected upwards movement from gold for the week. The hourly wave count was invalidated and price has moved lower, remaining above the invalidation point on the daily chart. Downwards movement is most likely a continuation of minor wave B....

US OIL Elliott Wave Technical Analysis – 6th August, 2013

Last week’s analysis expected downwards movement for the week, with a second wave correction to come. The first wave was already over and the second wave unfolded as a very deep zigzag, ending just below the invalidation point on the daily chart. The hourly...

GOLD Elliott Wave Technical Analysis – 31st July, 2013

Last week’s analysis expected upwards movement for the week from gold. Price moved sideways before a sharp spike lower. Price has now turned back upwards. Click on the charts below to enlarge. This daily chart focuses on the new downwards trend of primary wave...

GOLD Elliott Wave Technical Analysis – 24th July, 2013

Last analysis expected choppy overlapping movement to 1,192.45 or below in the short to mid term. Overall the wave count expected further upwards movement for a fourth wave correction at intermediate degree. Price did not move lower, it moved higher. The most likely...