Tag Archives: elliot wave correction in gold

GOLD Elliott Wave Technical Analysis – 2nd May, 2017

Price moved slightly lower, which was not what the main wave count expected, but it was allowed for. No confirmation of a trend change has yet been seen.

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GOLD Elliott Wave Technical Analysis – 24th March, 2017

Downwards movement for a pullback was expected for Friday’s session. A lower low and a lower high is the definition of downwards movement, and this is what was seen for Friday.

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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 – 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 – 20th January, 2017

Slightly higher movement from Gold for Friday’s session fits the main Elliott wave count.

Price continues to bounce up off support at the lower trend line.

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GOLD Elliott Wave Technical Analysis – 13th January, 2017

Downwards movement was expected, which is what happened. Friday’s session made a lower high and a lower low, the definition of downwards movement, although the candlestick closed green.

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GOLD Elliott Wave Technical Analysis – 11th January, 2017

Resistance will be used to see where price may turn. Fibonacci numbers are used for duration and parallel channels are used for confidence in a turn.

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GOLD Elliott Wave Technical Analysis – 28th November, 2016

The main Elliott wave count expected a green daily candlestick for Monday, which is what has happened.

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GOLD Elliott Wave Technical Analysis – 5th September, 2016

A little upwards movement to about 1,328 was expected for Monday.

Price moved higher to 1,328.04.

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GOLD Elliott Wave Technical Analysis – 11th July, 2016

A five up completed and is being followed by a three down. The daily Elliott wave count and targets remain the same.

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