Tag Archives: elliott wave analysis gold

GOLD Elliott Wave Technical Analysis – 10th November, 2017

Downwards movement remains above the invalidation points on the daily charts. Price remains within the consolidation zone which it entered back on the 27th of September.

Price does not move in straight lines within consolidations, and Friday’s strong downwards movement is evidence of this fact.

Continue reading GOLD Elliott Wave Technical Analysis – 10th November, 2017

GOLD Elliott Wave Technical Analysis – 15th September, 2017

Upwards movement was expected after last analysis. Friday completed a higher high and a higher low, but a deep pullback at the end of the session closed the candlestick red. Price remains above the invalidation point on the hourly chart.

Continue reading GOLD Elliott Wave Technical Analysis – 15th September, 2017

GOLD Elliott Wave Technical Analysis – 19th April, 2017

Yesterday’s analysis expected the correction to continue sideways for another day.

A small downwards day mostly fits the expectation and price remains well above the invalidation point on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 11th April, 2017

A classic upwards breakout has unfolded as expected. In last analysis members were advised to enter a hedge or just enter long. With stops for long positions just below 1,240.24 or 1,221 (depending on trading strategy), members should now have profitable long positions. Short hedges, if entered, should have been automatically closed just above 1,269.72.

Trading advice for profit taking and managing long positions is given today.

It is time to step back and look at the bigger picture. Today’s analysis updates monthly and weekly charts.

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GOLD Elliott Wave Technical Analysis – 8th March, 2017

Price continued lower as the two preferred hourly wave counts expected.

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GOLD Elliott Wave Technical Analysis – 7th March, 2017

Two hourly Elliott wave counts were provided yesterday. The first hourly wave count is now looking more likely.

Continue reading GOLD Elliott Wave Technical Analysis – 7th March, 2017