Category Archives: Gold

GOLD Elliott Wave Technical Analysis – 8th March, 2017

Price continued lower as the two preferred hourly wave counts expected.

Continue reading GOLD Elliott Wave Technical Analysis – 8th March, 2017

GOLD Elliott Wave Technical Analysis – 7th March, 2017

Two hourly Elliott wave counts were provided yesterday. The first hourly wave count is now looking more likely.

Continue reading GOLD Elliott Wave Technical Analysis – 7th March, 2017

GOLD Elliott Wave Technical Analysis – 6th March, 2017

Price has moved higher but today’s candlestick closed red.

There are still at least two hourly Elliott wave counts for the main daily Elliott wave count. The alternate Elliott wave count has reduced in probability.

Continue reading GOLD Elliott Wave Technical Analysis – 6th March, 2017

GOLD Elliott Wave Technical Analysis – 3rd March, 2017

Downwards movement continued as expected for the main Elliott wave count.

Continue reading GOLD Elliott Wave Technical Analysis – 3rd March, 2017

GOLD Elliott Wave Technical Analysis – 2nd March, 2017

A strong breach of the base channel on the main hourly Elliott wave count shifted probability from bullish to bearish. The alternate Elliott wave count was then preferred because it expected more downwards movement.

Continue reading GOLD Elliott Wave Technical Analysis – 2nd March, 2017

GOLD Elliott Wave Technical Analysis – 1st March, 2017

All three hourly Elliott wave charts yesterday expected some downwards movement to at least 1,240. Thereafter, the main wave count expected a resumption of upwards movement.

The low for the session was 1,237.18 and then from there price bounced to close green.

Continue reading GOLD Elliott Wave Technical Analysis – 1st March, 2017

GOLD Elliott Wave Technical Analysis – 28th February, 2017

Some downwards movement was expected from all three hourly Elliott wave charts.

Continue reading GOLD Elliott Wave Technical Analysis – 28th February, 2017

GOLD Elliott Wave Technical Analysis – 27th February, 2017

More upwards movement continued to start the new week as the main Elliott wave count expected.

Continue reading GOLD Elliott Wave Technical Analysis – 27th February, 2017

GOLD Elliott Wave Technical Analysis – 23rd February, 2017

An upwards day with some increase in volume has broken above resistance.

The main Elliott wave count was invalidated and the alternate Elliott wave count was confirmed.

Continue reading GOLD Elliott Wave Technical Analysis – 23rd February, 2017

GOLD Elliott Wave Technical Analysis – 21st February, 2017

Gold is still range bound.

Classic analysis, with a heavy reliance on volume analysis, is used to determine probability of the main versus alternate Elliott wave counts today.

Continue reading GOLD Elliott Wave Technical Analysis – 21st February, 2017

GOLD Elliott Wave Technical Analysis – 20th February, 2017

A lower high and a lower low moved price lower for Monday’s session, which is overall what the main Elliott wave count expected. A public holiday in the USA for Presidents Day saw markets very quiet.

Continue reading GOLD Elliott Wave Technical Analysis – 20th February, 2017