Tag Archives: elliot gold analysis

GOLD Elliott Wave Technical Analysis – 15th December, 2016

Downwards movement was expected to continue for the main Elliott wave count after last analysis.

The target remains the same and the alternate now has a new target.

Continue reading GOLD Elliott Wave Technical Analysis – 15th December, 2016

GOLD Elliott Wave Technical Analysis – 14th December, 2016

Again, upwards movement was expected to complete a small consolidation before price fell further.

The consolidation was already complete and price has made a new low.

Continue reading GOLD Elliott Wave Technical Analysis – 14th December, 2016

GOLD Elliott Wave Technical Analysis – 3rd November, 2016

The main hourly Elliott wave count expected a fourth wave correction to end within a range of 1,291.63 to 1,285.41.

Downwards movement for the session ended at 1,286.17. Thereafter, price has turned upwards as expected.

Continue reading GOLD Elliott Wave Technical Analysis – 3rd November, 2016

GOLD Elliott Wave Technical Analysis – 25th October, 2016

Yesterday’s main Elliott wave count expected downwards movement, but this has not happened.

Classic technical analysis will be used today to judge the probability of the main vs. alternate Elliott wave counts.

Continue reading GOLD Elliott Wave Technical Analysis – 25th October, 2016

GOLD Elliott Wave Technical Analysis – 24th October, 2016

An outside day closes with a red candlestick, which slightly favours the main Elliott wave count.

Both Elliott wave counts remain viable while price remains within the consolidation / invalidation points.

Continue reading GOLD Elliott Wave Technical Analysis – 24th October, 2016

GOLD Elliott Wave Technical Analysis – 26th September, 2016

Mostly sideways movement was expected for Monday.

A green daily doji candlestick fits expectations perfectly.

Continue reading GOLD Elliott Wave Technical Analysis – 26th September, 2016

GOLD Elliott Wave Technical Analysis – 21st September, 2016

Upwards movement was expected.

Continue reading GOLD Elliott Wave Technical Analysis – 21st September, 2016

GOLD Elliott Wave Technical Analysis – 16th September, 2016

Upwards movement was expected for Friday’s session but did not happen.

Price remains above the invalidation point on the daily chart, which is where final risk remains.

Continue reading GOLD Elliott Wave Technical Analysis – 16th September, 2016

GOLD Elliott Wave Technical Analysis – 10th August, 2016

Again, upwards movement was expected.

Continue reading GOLD Elliott Wave Technical Analysis – 10th August, 2016

GOLD Elliott Wave Technical Analysis – 5th August, 2016

A correction was expected to end about 1,347 – 1,346. A lower target was considered at 1,333.

Price moved well below the preferred higher target.

Continue reading GOLD Elliott Wave Technical Analysis – 5th August, 2016

GOLD Elliott Wave Technical Analysis – 2nd August, 2016

Again, upwards movement unfolded as expected from the Elliott wave count and classic technical analysis.

Continue reading GOLD Elliott Wave Technical Analysis – 2nd August, 2016

GOLD Elliott Wave Technical Analysis – 1st August, 2016

Upwards movement was expected for Monday.

Overall, the session moved upwards to complete a green daily candlestick.

Continue reading GOLD Elliott Wave Technical Analysis – 1st August, 2016