Tag Archives: elliott wave daily

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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SILVER Elliott Wave Technical Analysis – 22nd February, 2017

Last week expected a pullback for Silver.

Price has so far for the week moved sideways, with a lower high and a lower low.

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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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US OIL Elliott Wave Technical Analysis – 20th February, 2017

Price is still range bound. On Balance Volume is giving a strong signal about what direction price will break out.

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SILVER Elliott Wave Technical Analysis – 16th February, 2017

Last week again expected upwards movement for Silver, which is again what has happened.

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US OIL Elliott Wave Technical Analysis – 14th February, 2017

Again, price continues to consolidate for US Oil and On Balance Volume may assist to show the breakout direction, so it should be watched carefully.

The Elliott wave counts remain the same.

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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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SILVER Elliott Wave Technical Analysis – 9th February, 2017

Last week expected that upwards movement would continue for Silver. This is exactly what has happened.

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US OIL Elliott Wave Technical Analysis – 6th February, 2017

Price continues to consolidate for US Oil. On Balance Volume may assist to show the breakout direction, so it should be watched carefully.

The Elliott wave counts remain the same.

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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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