Category Archives: Gold

GOLD Elliott Wave Technical Analysis – 7th April, 2017

A strong upwards movement was expected on Friday. This is what happened, but then price reversed and retraced almost all of the upwards movement.

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GOLD Elliott Wave Technical Analysis – 6th April, 2017

An upwards breakout was again expected, but price remains range bound.

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GOLD Elliott Wave Technical Analysis – 5th April, 2017

Upwards movement was expected. Price moved lower, but has rebounded strongly after the session closed. Downwards movement remained above the invalidation point on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 4th April, 2017

The main Elliott wave count expected upwards movement for Tuesday’s session, which is what has happened.

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GOLD Elliott Wave Technical Analysis – 3rd April, 2017

Upwards movement was expected for the main Elliott wave count.

A new alternate is provided today at the hourly chart level in response to volume analysis for Monday’s session.

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GOLD Elliott Wave Technical Analysis – 31st March, 2017

Downwards movement was expected to continue. Overall, Friday’s session did move price lower with a lower low and a lower high, but the session closed green with a strong upwards push. This was not expected.

Members are offered some trading strategies for how to approach this market early next week.

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GOLD Elliott Wave Technical Analysis – 30th March, 2017

Downwards movement continued for Thursday as expected. Price is now below the lower edge of the base channel on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 29th March, 2017

Another downwards day for Wednesday overall was expected. The main Elliott wave count remains the same and is still preferred over the alternate.

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GOLD Elliott Wave Technical Analysis – 28th March, 2017

Downwards movement unfolded for Tuesday’s session as expected. On Balance Volume and the 200 day moving average were enough to turn price down. A new low below 1,252.75 added a little confidence to the expectation.

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GOLD Elliott Wave Technical Analysis – 27th March, 2017

Downwards movement was expected to start the new trading week, but this is not what happened.

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GOLD Elliott Wave Technical Analysis – 24th March, 2017

Downwards movement for a pullback was expected for Friday’s session. A lower low and a lower high is the definition of downwards movement, and this is what was seen for Friday.

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GOLD Elliott Wave Technical Analysis – 23rd March, 2017

A slight new high was not expected but was allowed for. Thereafter, price has turned downwards to breach the channel on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 22nd March, 2017

The target was at 1,253. So far price has reached 1,251.21, just 1.79 short of the target.

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