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Gold Elliott Wave Technical Analysis – 17th April, 2013

I am reverting back to my original gold wave count. Targets for that wave count have been breached so are recalculated. This wave count expects that downwards movement is a third wave. The structure is incomplete. It needs further downwards to go. Along the way we...

US Oil Elliott Wave Technical Analysis – 16th April, 2013

Oil analysis last week expected price to move strongly lower as the middle of a third wave unfolded which is exactly what has happened. Targets have not been met, but the structure is incomplete. It should continue to move lower over the next week. Click on the charts...

Gold Elliott Wave Technical Analysis – 10th April, 2013

Last week’s analysis expected gold to move lower to a short term target at 1,533 before turning upwards for a correction. Price moved slightly lower but failed to get close to the target, moving only down to 1,540.24 before turning higher. With movement above...

US Oil Elliott Wave Technical Analysis – 9th April, 2013

Last week’s oil analysis expected price to move lower. The short term target at 94.52 has been exceeded by 2.53. This week I expect the completion of a minuette degree second wave correction, followed by a third wave down. Click on the charts below to enlarge....

Gold Elliott Wave Technical Analysis – 3rd April, 2013

Last week’s gold analysis expected more downwards movement to reach below 1,584 before upwards movement for a deep correction. Price has moved lower as expected, significantly below 1,584. There was no deep second wave correction, yet. Because downwards momentum...

US Oil Elliott Wave Technical Analysis – 2nd April, 2013

The main wave count on last analysis expected more upwards movement from Oil towards a short to mid term target at 94.3 to 94.84. Price did continue higher to reach 2.89 above the target zone at 97.73, remaining below the invalidation point which is very close by now...

Gold Elliott Wave Technical Analysis – 27th March, 2013

Last analysis expected more upwards movement before a short term trend change. Upwards movement did make a new high and complete the structure. Click on the charts below to enlarge. This daily chart focuses on the new downwards trend of primary wave C. Within primary...

Gold Elliott Wave Technical Analysis – 20th March, 2013

Movement above 1,599.78 invalidated the main wave count from last analysis and confirmed the alternate. At that stage price was expected to be in a higher degree longer lasting correction with an initial expected target about 1,646. Click on the charts below to...