Monthly Archives: July 2016

GOLD Elliott Wave Technical Analysis – 29th July, 2016

A correction was expected to end about 1,325.

Price did move lower but only to 1,330 before turning upwards.

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SILVER Elliott Wave Technical Analysis – 28th July, 2016

Upwards movement was expected to continue for the week, which is what has happened. The target remains the same.

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GOLD Elliott Wave Technical Analysis – 28th July, 2016

A little upwards movement was followed by some downwards movement, exactly as expected.

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GOLD Elliott Wave Technical Analysis – 27th July, 2016

Again, upwards movement was expected.

A new high above 1,333.66 added further confidence to the main Elliott wave count. The target remains the same.

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GOLD Elliott Wave Technical Analysis – 26th July, 2016

Upwards movement was expected.

A new high above 1,323.56 adds some confidence to the main Elliott wave count.

Continue reading GOLD Elliott Wave Technical Analysis – 26th July, 2016

US OIL Elliott Wave Technical Analysis – 25th July, 2016

Last week again expected overall downwards movement. This is again exactly what has happened.

An increase in downwards momentum was also expected and has been seen by MACD.

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GOLD Elliott Wave Technical Analysis – 25th July, 2016

Upwards movement was expected. This is not what happened.

Price moved lower but remains above the invalidation point on the hourly Elliott wave chart.

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GOLD Elliott Wave Technical Analysis – 22nd July, 2016

In the short term, a small correction to about 1,325 was expected.

Price moved lower, reaching 1,320.

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GOLD Elliott Wave Technical Analysis – 21st July, 2016

The targets were not met before price turned and moved higher. Downwards targets for the correction to end were inadequate.

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SILVER Elliott Wave Technical Analysis – 21st July, 2016

Upwards movement was expected for the last week, but this is not what happened.

Price broke out of the small pennant pattern downwards.

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GOLD Elliott Wave Technical Analysis – 20th July, 2016

A downwards breakout from a small pennant pattern has unfolded exactly as expected.

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GOLD Elliott Wave Technical Analysis – 19th July, 2016

The small pennant pattern noted in yesterday’s analysis continues to move price sideways in a narrow range. The breakout direction is expected to be the same.

Continue reading GOLD Elliott Wave Technical Analysis – 19th July, 2016