Tag Archives: elliott wave technique

GOLD Elliott Wave Technical Analysis – 21st November, 2017

A little upwards movement fits the second Elliott wave count again quite nicely. This preferred wave count expects some more sideways movement, and then a breakout from the range Gold has been contained in now for some weeks.

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GOLD Elliott Wave Technical Analysis – 10th November, 2017

Downwards movement remains above the invalidation points on the daily charts. Price remains within the consolidation zone which it entered back on the 27th of September.

Price does not move in straight lines within consolidations, and Friday’s strong downwards movement is evidence of this fact.

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