Tag Archives: elliott wave count 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.

Continue reading GOLD Elliott Wave Technical Analysis – 2nd May, 2017

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.

Continue reading GOLD Elliott Wave Technical Analysis – 24th March, 2017

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.

Continue reading GOLD Elliott Wave Technical Analysis – 3rd February, 2017

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.

Continue reading GOLD Elliott Wave Technical Analysis – 27th January, 2017

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.

Continue reading GOLD Elliott Wave Technical Analysis – 20th January, 2017

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.

Continue reading GOLD Elliott Wave Technical Analysis – 13th January, 2017