Monthly Archives: December 2016

SILVER Elliott Wave Technical Analysis – 24th December, 2016

Silver has moved lower on light and declining volume since last analysis three days ago.

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

Upwards movement is continuing as expected.

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GOLD Elliott Wave Technical Analysis – 23rd December, 2016

Another very small range day completes a small doji candlestick. This fits neatly with the expectations short term for the Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 22nd December, 2016

Another small inside day fits both Elliott wave counts, but price behaviour is pointing to one scenario more strongly than the other.

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GOLD Elliott Wave Technical Analysis – 21st December, 2016

A small inside day fits the preferred expectations for Gold, but all Elliott wave counts still remain valid. Targets remain the same.

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SILVER Elliott Wave Technical Analysis – 21st December, 2016

Price has moved lower as the main Elliott wave count expected, but only slightly. The confirmation / invalidation point remains the same.

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GOLD Elliott Wave Technical Analysis – 20th December, 2016

A small downwards day fits the preferred expectations for Gold, but all Elliott wave counts remain valid. Targets remain the same.

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US OIL Elliott Wave Technical Analysis – 20th December, 2016

Another small consolidation unfolded as expected finding support at the trend line on the daily Elliott wave chart. Thereafter, upwards movement has continued as expected.

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GOLD Elliott Wave Technical Analysis – 19th December, 2016

A small upwards day fits all four Elliott wave counts. Price behaviour is now pointing to which wave count looks most likely.

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GOLD Elliott Wave Technical Analysis – 16th December, 2016

A small inside day sees upwards movement. Price remains below the invalidation point.

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SILVER Elliott Wave Technical Analysis – 15th December, 2016

A new low below 16.652 confirmed a more bearish second alternate Elliott wave count and invalidated the first two Elliott wave counts.

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GOLD Elliott Wave Technical Analysis – 15th December, 2016

Downwards movement was expected to continue for the main Elliott wave count after last analysis.

The target remains the same and the alternate now has a new target.

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GOLD Elliott Wave Technical Analysis – 14th December, 2016

Again, upwards movement was expected to complete a small consolidation before price fell further.

The consolidation was already complete and price has made a new low.

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