Tag Archives: elliott wave counts gold

GOLD Elliott Wave Technical Analysis – 31st July, 2017

Overall, more upwards movement was expected; a slight new high fits the main Elliott wave count.

Downwards movement during Monday’s session remained above the short term invalidation point on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 12th July, 2017

A new high above 1,222.72 invalidated the main hourly Elliott wave count and added confidence to the alternate hourly Elliott wave count. The alternate has some support from volume analysis, and its target remains the same today.

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GOLD Elliott Wave Technical Analysis – 4th July, 2017

Sideways movement fits expectations following the strong downwards day of the 3rd of July, which was also expected. The Elliott wave count is nicely predicting price behaviour at this time, and it has substantial support from classic technical analysis.

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