Category Archives: Gold

GOLD Elliott Wave Technical Analysis – 11th April, 2017

A classic upwards breakout has unfolded as expected. In last analysis members were advised to enter a hedge or just enter long. With stops for long positions just below 1,240.24 or 1,221 (depending on trading strategy), members should now have profitable long positions. Short hedges, if entered, should have been automatically closed just above 1,269.72.

Trading advice for profit taking and managing long positions is given today.

It is time to step back and look at the bigger picture. Today’s analysis updates monthly and weekly charts.

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GOLD Elliott Wave Technical Analysis – 10th April, 2017

The breakout from a consolidation zone has still not happened. The longer price coils between support and resistance, the more violent the breakout will be.

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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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