Tag Archives: elliot wave on gold and silver

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.

Continue reading GOLD Elliott Wave Technical Analysis – 8th February, 2017

GOLD Elliott Wave Technical Analysis – 18th January, 2017

Price has moved lower and remains within the channel drawn on both the hourly and daily Elliott wave charts.

Continue reading GOLD Elliott Wave Technical Analysis – 18th January, 2017

GOLD Elliott Wave Technical Analysis – 9th January, 2017

Gold has had a trend change. How high this next wave goes and what structure it takes will indicate which Elliott wave count at the monthly chart level may be correct.

Continue reading GOLD Elliott Wave Technical Analysis – 9th January, 2017

GOLD Elliott Wave Technical Analysis – 21st December, 2016

A small inside day fits the preferred expectations for Gold, but all Elliott wave counts still remain valid. Targets remain the same.

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

GOLD Elliott Wave Technical Analysis – 12th December, 2016

In the short term, downwards movement was expected to a target at 1,156 – 1,154. Price moved lower to 1,152 before turning up to complete a green daily candlestick.

Continue reading GOLD Elliott Wave Technical Analysis – 12th December, 2016

GOLD Elliott Wave Technical Analysis – 4th November, 2016

Upwards movement was expected for Friday’s session.

An inside day closed green.

Continue reading GOLD Elliott Wave Technical Analysis – 4th November, 2016

GOLD Elliott Wave Technical Analysis – 1st November, 2016

The main Elliott wave count expected downwards movement and the alternate expected upwards movement.

A new high above 1,283.63 has favoured what was yesterday’s alternate wave count.

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

GOLD Elliott Wave Technical Analysis – 28th October, 2016

Downwards movement was expected for Friday, but this is not what happened.

Upwards movement breached the invalidation point on the main hourly Elliott wave count and was supported by volume.

Continue reading GOLD Elliott Wave Technical Analysis – 28th October, 2016

GOLD Elliott Wave Technical Analysis – 27th September, 2016

Upwards movement was expected for Tuesday’s session. This is not what happened.

The hourly wave count was invalidated with a new low below 1,332.74. A multi day pullback has begun a day earlier than expected.

Continue reading GOLD Elliott Wave Technical Analysis – 27th September, 2016

GOLD Elliott Wave Technical Analysis – 23rd September, 2016

Upwards movement was expected for Friday.

Price moved sideways to complete a small inside day and a green candlestick.

Continue reading GOLD Elliott Wave Technical Analysis – 23rd September, 2016

GOLD Elliott Wave Technical Analysis – 20th September, 2016

Upwards movement was again expected.

Price has moved sideways to complete an inside day.

Continue reading GOLD Elliott Wave Technical Analysis – 20th September, 2016