Monthly Archives: August 2016

US OIL Elliott Wave Technical Analysis – 24th August, 2016

Last week’s analysis expected downwards movement as most likely.

Price continued higher.

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GOLD Elliott Wave Technical Analysis – 23rd August, 2016

Downwards movement was expected.

Again, price moved overall sideways to complete a very small daily Gravestone doji.

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GOLD Elliott Wave Technical Analysis – 22nd August, 2016

A new low below 1,334.06 invalidated the main Elliott wave count at the hourly chart level, indicating more downwards movement ahead.

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GOLD Elliott Wave Technical Analysis – 19th August, 2016

A short term downwards movement was expected to end a little below 1,346.27 but not below 1,340.01.

Price broke a little below 1,340.01 to reach 1,338.06 invalidating the first hourly Elliott wave count and unfolding as expected for the second hourly Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 18th August, 2016

Upwards movement was expected.

Price moved sideways in a narrow range, but did make a higher high and a higher low from the prior session.

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SILVER Elliott Wave Technical Analysis – 17th August, 2016

A downwards spike below 19.549 invalidated the daily Elliott wave count.

Upwards movement was expected for the last week but did not happen.

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GOLD Elliott Wave Technical Analysis – 17th August, 2016

A correction was expected to end about 1,339 before upwards movement resumed.

The correction ended at 1,340.1. Thereafter, upwards movement continues as expected.

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GOLD Elliott Wave Technical Analysis – 16th August, 2016

Upwards movement was again expected for the session.

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US OIL Elliott Wave Technical Analysis – 16th August, 2016

Last week’s analysis expected more downwards movement.

The Elliott wave count was invalidated with a new high above 44.43.

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GOLD Elliott Wave Technical Analysis – 15th August, 2016

Upwards movement was expected for Monday’s session, which is what happened although price moved higher in a very small range.

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GOLD Elliott Wave Technical Analysis – 12th August, 2016

Again, upwards movement was expected and overall did not happen.

The new low for Friday remains above the invalidation point on the hourly Elliott wave chart.

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SILVER Elliott Wave Technical Analysis – 11th August, 2016

Upwards movement was expected for this week from Silver, which is what has happened.

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GOLD Elliott Wave Technical Analysis – 11th August, 2016

Upwards movement was expected but did not happen.

Price moved lower, remaining above the invalidation point on the hourly Elliott wave count.

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