Monthly Archives: May 2016

GOLD Elliott Wave Technical Analysis – 31st May, 2016

Upwards movement was expected for Tuesday, which is exactly what happened.

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GOLD Elliott Wave Technical Analysis – 30th May, 2016

The main Elliott wave count expected downwards movement to a short term target at 1,195.

Downwards movement has continued to a low for the session at 1,200.07.

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US OIL Elliott Wave Technical Analysis – 30th May, 2016

Price continues higher and remains within the channel as the main Elliott wave count expected.

The target remains the same.

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GOLD Elliott Wave Technical Analysis – 27th May, 2016

Downwards movement continued, which was expected for the alternate hourly Elliott wave count but not the main.

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GOLD Elliott Wave Technical Analysis – 26th May, 2016

Overall sideways movement fits the main Elliott wave count nicely.

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SILVER Elliott Wave Technical Analysis – 25th May, 2016

Last week’s analysis expected more downwards movement towards a target at 16.297.

Price has reached 16.181.

Continue reading SILVER Elliott Wave Technical Analysis – 25th May, 2016

GOLD Elliott Wave Technical Analysis – 25th May, 2016

Price continued lower, which is what the wave count expected while price remained within the channel.

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US OIL Elliott Wave Technical Analysis – 23rd May, 2016

Upwards movement was expected but price has moved sideways in a small range. The target remains the same.

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GOLD Elliott Wave Technical Analysis – 23rd May, 2016

Sideways movement in a small range has not clarified the situation, but On Balance Volume today indicates which Elliott wave count is more likely.

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GOLD Elliott Wave Technical Analysis – 20th May, 2016

The main Elliott wave count expected upwards movement for Friday’s session.

Price moved sideways in a small range.

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GOLD Elliott Wave Technical Analysis – 19th May, 2016

More downwards movement was expected to a target at 1,250 for the main Elliott wave count.

Price reached 5.65 below the target to reach 1,244.35 during the session.

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