Category Archives: Gold

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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GOLD Elliott Wave Technical Analysis – 21st March, 2017

A fourth wave correction ended right at the lower edge of the Elliott channel and from there price bounced up to make new highs for a fifth wave.

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GOLD Elliott Wave Technical Analysis – 20th March, 2017

Sideways movement was again expected for Monday’s session. Price moved slowly higher in a small range, mostly fitting expectations.

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GOLD Elliott Wave Technical Analysis – 17th March, 2017

Sideways movement was expected for Friday. An inside day perfectly fits expectations.

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GOLD Elliott Wave Technical Analysis – 16th March, 2017

More upwards movement was expected from last analysis. This is what has happened.

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GOLD Elliott Wave Technical Analysis – 15th March, 2017

Price moved strongly higher exactly as the Elliott wave count expected for a third wave up. Targets remain the same.

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GOLD Elliott Wave Technical Analysis – 14th March, 2017

Price has moved lower which was allowed for but not what was expected. Price remains above the invalidation point on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 13th March, 2017

Price has moved overall higher as expected from the main hourly Elliott wave count in last analysis.

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GOLD Elliott Wave Technical Analysis – 10th March, 2017

Price moved into the target zone, which was 1,197 to 1,192, and then turned upwards to print a green daily candlestick.

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