Tag Archives: elliott wave gold forecast

GOLD Elliott Wave Technical Analysis – 23rd May, 2017

Sideways or slowly higher movement was expected. Tuesday has completed an outside day and Gold appears to be developing a small trading range with resistance about 1,265 and support about 1,245.

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GOLD Elliott Wave Technical Analysis – 16th February, 2017

Upwards movement for the main Elliott wave hourly chart was expected to reach a target at 1,240.

Price moved higher as expected to reach 1,241.99.

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GOLD Elliott Wave Technical Analysis – 18th January, 2017

Price has moved lower and remains within the channel drawn on both the hourly and daily Elliott wave charts.

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First and A wave Analysis at the Daily Chart Level

The other alternate idea of a leading expanding diagonal published up to yesterday will be discarded based upon a very low probability.

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GOLD Elliott Wave Technical Analysis – 11th November, 2016

A new low below 1,242.87 has invalidated the main Elliott wave count and confirmed the more bearish alternate.

There is only one wave count now.

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GOLD Elliott Wave Technical Analysis – 10th November, 2016

A consolidation was expected.

Downwards movement remains above the invalidation point on the main Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 4th November, 2016

Upwards movement was expected for Friday’s session.

An inside day closed green.

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GOLD Elliott Wave Technical Analysis – 12th October, 2016

Gold continues to move overall sideways within a small range.

The main Elliott wave count still expects a breakout in a very few days.

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GOLD Elliott Wave Technical Analysis – 11th October, 2016

The alternate Elliott wave count has increased in probability today, so I’ve swapped over the Elliott wave counts in today’s analysis.

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GOLD Elliott Wave Technical Analysis – 27th September, 2016

Upwards movement was expected for Tuesday’s session. This is not what happened.

The hourly wave count was invalidated with a new low below 1,332.74. A multi day pullback has begun a day earlier than expected.

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