Tag Archives: daily elliott wave

GOLD Elliott Wave Technical Analysis – 7th August, 2018

Another inside day completes a Shooting Star candlestick pattern. The implications of this pattern today are evaluated in context of recent price movement.

Members’ attention today is directed to the long term picture for GDX, which is significant for this market.

Continue reading GOLD Elliott Wave Technical Analysis – 7th August, 2018

GOLD Elliott Wave Technical Analysis – 15th June, 2018

Downwards movement fits the alternate Elliott wave count, which was expected to have a lower probability.

Low probability does not mean no probability; when low probability outcomes do occur, they will never be expected as what was most likely. That is the nature of probability.

Continue reading GOLD Elliott Wave Technical Analysis – 15th June, 2018