Tag Archives: 2017 elliot wave counts

GOLD Elliott Wave Technical Analysis – 23rd May, 2017

Sideways or slowly higher movement was expected. Tuesday has completed an outside day and Gold appears to be developing a small trading range with resistance about 1,265 and support about 1,245.

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GOLD Elliott Wave Technical Analysis – 13th April, 2017

Upwards movement continues and price has remained within the upper half of the channel on the hourly chart, which was expected at this stage.

Trading advice is given to members to manage long positions towards the end of this week.

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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 – 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 – 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 – 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 – 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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