Tag Archives: 2017 gold elliott wave analysis

GOLD Elliott Wave Technical Analysis – 14th November, 2017

Members were advised in last Elliott wave analysis that price may move lower in the very short term to test support at a trend line, which was given on hourly charts. Thereafter, price was expected to turn upwards. This is what has happened. Price moved strongly lower, coming very close to the trend line, before turning upwards.

Members were advised that this should be used as an entry opportunity for long positions. These positions should now be profitable.

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GOLD Elliott Wave Technical Analysis – 18th April, 2017

Yesterday’s analysis expected another shallow correction to continue sideways. This is mostly what has happened. Price bounced up almost exactly at the lower edge of the channel on the hourly chart, where support was expected as fairly likely.

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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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