Another upwards day was expected by both Elliott wave counts.
Continue reading GOLD Elliott Wave Technical Analysis – 18th August, 2017
Category Archives: Gold
GOLD Elliott Wave Technical Analysis – 17th August, 2017
Price has continued to move higher as was expected for the session by both Elliott wave counts.
Continue reading GOLD Elliott Wave Technical Analysis – 17th August, 2017
GOLD Elliott Wave Technical Analysis – 16th August, 2017
A little more downwards movement was expected to a target at 1,266. Price did move lower, but did not make a new low and has fallen $2.34 short of the target.
Continue reading GOLD Elliott Wave Technical Analysis – 16th August, 2017
GOLD Elliott Wave Technical Analysis – 15th August, 2017
Downwards movement continued as expected for Tuesday. The target at 1,275 was passed and price remains above the invalidation point on the hourly chart and still within the channel.
Continue reading GOLD Elliott Wave Technical Analysis – 15th August, 2017
GOLD Elliott Wave Technical Analysis – 14th August, 2017
Downwards movement has unfolded as expected for Monday’s session.
Continue reading GOLD Elliott Wave Technical Analysis – 14th August, 2017
GOLD Elliott Wave Technical Analysis – 11th August, 2017
Price was expected to fall for Friday, but it moved slightly higher.
Continue reading GOLD Elliott Wave Technical Analysis – 11th August, 2017
GOLD Elliott Wave Technical Analysis – 10th August, 2017
The target at 1,279 was expected to be a little low. A trend line higher up was expected to halt upwards movement. However, this is not what has happened, and the trend line is overshot.
The main Elliott wave count is changed today.
Continue reading GOLD Elliott Wave Technical Analysis – 10th August, 2017
GOLD Elliott Wave Technical Analysis – 9th August, 2017
Upwards movement was unexpected and has invalidated the Elliott wave count at the hourly chart level.
Continue reading GOLD Elliott Wave Technical Analysis – 9th August, 2017
GOLD Elliott Wave Technical Analysis – 8th August, 2017
A short term target for Tuesday was 1,247. The low for the session fell $5.39 short of the target, after a whipsaw took out the short term invalidation point on the hourly Elliott wave chart.
Continue reading GOLD Elliott Wave Technical Analysis – 8th August, 2017
GOLD Elliott Wave Technical Analysis – 7th August, 2017
A very small range inside day only changes the Elliott wave count at the hourly chart level, slightly. The bigger picture and the target remain the same.
Continue reading GOLD Elliott Wave Technical Analysis – 7th August, 2017
GOLD Elliott Wave Technical Analysis – 4th August, 2017
A break below the channel and then below 1,260.03 has indicated the second hourly Elliott wave count was correct.
Continue reading GOLD Elliott Wave Technical Analysis – 4th August, 2017
GOLD Elliott Wave Technical Analysis – 3rd August, 2017
An upwards day was again expected as most likely, but this is not what happened. Price remains above the invalidation point on the main hourly chart, and has quickly returned to within the blue channel.
Continue reading GOLD Elliott Wave Technical Analysis – 3rd August, 2017
Learn Elliott Wave – Spot The Mistakes | 3rd August, 2017
For those who want to hone their Elliott wave knowledge, have a go at spotting my deliberate mistakes:
Click chart to enlarge.
This one is easy (at least, I think it is and I’ve really tried to make it easy).
There is one mistake in the triangle (just one!) and one mistake in the impulse.
Can you find them both?
Name the rules which I have deliberately broken here. Answers will be posted in comments tomorrow or the day after.
Note: During the process of preparing this post, I found a solution that fixes my main problem with the current alternate wave count. This solution will be published in tomorrow’s Gold analysis.
Published @ 05:49 a.m. EST.