Tag Archives: elliott wave counts gold

GOLD Elliott Wave Technical Analysis – 20th March, 2017

Sideways movement was again expected for Monday’s session. Price moved slowly higher in a small range, mostly fitting expectations.

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GOLD Elliott Wave Technical Analysis – 10th March, 2017

Price moved into the target zone, which was 1,197 to 1,192, and then turned upwards to print a green daily candlestick.

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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.

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GOLD Elliott Wave Technical Analysis – 27th February, 2017

More upwards movement continued to start the new week as the main Elliott wave count expected.

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GOLD Elliott Wave Technical Analysis – 23rd February, 2017

An upwards day with some increase in volume has broken above resistance.

The main Elliott wave count was invalidated and the alternate Elliott wave count was confirmed.

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GOLD Elliott Wave Technical Analysis – 21st February, 2017

Gold is still range bound.

Classic analysis, with a heavy reliance on volume analysis, is used to determine probability of the main versus alternate Elliott wave counts today.

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GOLD Elliott Wave Technical Analysis – 10th February, 2017

Friday’s session moved price lower as expected.

A strong bounce has found resistance right at the lower edge of a trend channel. This also was expected as reasonably likely behaviour from price.

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GOLD Elliott Wave Technical Analysis – 6th February, 2017

Another upwards day fits the second hourly Elliott wave count. Price is now just above the target range, which was 1,219.11 to 1,233.43.

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GOLD Elliott Wave Technical Analysis – 2nd February, 2017

Two hourly Elliott wave counts look at two possible scenarios for the next session.

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GOLD Elliott Wave Technical Analysis – 30th January, 2017

Upwards movement was expected for Monday’s session.

The target on the hourly Elliott wave count is not yet met, so the analysis today will focus on whether or not this bounce is complete.

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GOLD Elliott Wave Technical Analysis – 26th January, 2017

Downwards movement continued exactly as expected for Gold. The Elliott wave count remains the same.

The hourly wave count will be watched carefully to manage short positions.

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