Category Archives: Gold

GOLD Elliott Wave Technical Analysis – 8th February, 2017

Another upwards day sees the main and alternate Elliott wave counts switched over.

What is now the alternate Elliott wave count still remains viable. It illustrates the risk today to trading based upon the main Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 7th February, 2017

A small range inside day fits both Elliott wave counts, but the situation is no clearer.

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GOLD Elliott Wave Technical Analysis – 6th February, 2017

Another upwards day fits the second hourly Elliott wave count. Price is now just above the target range, which was 1,219.11 to 1,233.43.

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GOLD Elliott Wave Technical Analysis – 3rd February, 2017

An inside day for Friday’s session leaves both Elliott wave counts valid. Classic technical analysis may assist to determine whether the main or alternate Elliott wave count is correct.

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GOLD Elliott Wave Technical Analysis – 2nd February, 2017

Two hourly Elliott wave counts look at two possible scenarios for the next session.

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GOLD Elliott Wave Technical Analysis – 1st February, 2017

A new low below 1,202.92 invalidated the alternate hourly Elliott wave count and added confidence to the main hourly Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 31st January, 2017

Downwards movement was expected for Tuesday but did not happen.

Price has moved higher but remains below the invalidation point on the hourly Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 30th January, 2017

Upwards movement was expected for Monday’s session.

The target on the hourly Elliott wave count is not yet met, so the analysis today will focus on whether or not this bounce is complete.

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GOLD Elliott Wave Technical Analysis – 27th January, 2017

Downwards movement ended 1.58 below the first target. A breach of the small channel on the hourly Elliott wave chart indicated a trend change, which was expected.

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GOLD Elliott Wave Technical Analysis – 26th January, 2017

Downwards movement continued exactly as expected for Gold. The Elliott wave count remains the same.

The hourly wave count will be watched carefully to manage short positions.

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GOLD Elliott Wave Technical Analysis – 25th January, 2017

A breach of the trend channel and a new low below 1,195.82 invalidated the main Elliott wave count and confirmed the alternate.

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GOLD Elliott Wave Technical Analysis – 24th January, 2017

A small downwards day remains above the invalidation point on the main hourly Elliott wave count.

So far price continues to find support at the lower edge of the channel.

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GOLD Elliott Wave Technical Analysis – 23rd January, 2017

A small upwards day has made a slight new high.

Both Elliott wave counts remain the same.

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