Tag Archives: elliott wave theory

GOLD Elliott Wave Technical Analysis – 23rd December, 2016

Another very small range day completes a small doji candlestick. This fits neatly with the expectations short term for the Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 19th December, 2016

A small upwards day fits all four Elliott wave counts. Price behaviour is now pointing to which wave count looks most likely.

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GOLD Elliott Wave Technical Analysis – 15th December, 2016

Downwards movement was expected to continue for the main Elliott wave count after last analysis.

The target remains the same and the alternate now has a new target.

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GOLD Elliott Wave Technical Analysis – 14th December, 2016

Again, upwards movement was expected to complete a small consolidation before price fell further.

The consolidation was already complete and price has made a new low.

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GOLD Elliott Wave Technical Analysis – 3rd November, 2016

The main hourly Elliott wave count expected a fourth wave correction to end within a range of 1,291.63 to 1,285.41.

Downwards movement for the session ended at 1,286.17. Thereafter, price has turned upwards as expected.

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GOLD Elliott Wave Technical Analysis – 25th October, 2016

Yesterday’s main Elliott wave count expected downwards movement, but this has not happened.

Classic technical analysis will be used today to judge the probability of the main vs. alternate Elliott wave counts.

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GOLD Elliott Wave Technical Analysis – 24th October, 2016

An outside day closes with a red candlestick, which slightly favours the main Elliott wave count.

Both Elliott wave counts remain viable while price remains within the consolidation / invalidation points.

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GOLD Elliott Wave Technical Analysis – 26th September, 2016

Mostly sideways movement was expected for Monday.

A green daily doji candlestick fits expectations perfectly.

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GOLD Elliott Wave Technical Analysis – 21st September, 2016

Upwards movement was expected.

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GOLD Elliott Wave Technical Analysis – 16th September, 2016

Upwards movement was expected for Friday’s session but did not happen.

Price remains above the invalidation point on the daily chart, which is where final risk remains.

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GOLD Elliott Wave Technical Analysis – 10th August, 2016

Again, upwards movement was expected.

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GOLD Elliott Wave Technical Analysis – 5th August, 2016

A correction was expected to end about 1,347 – 1,346. A lower target was considered at 1,333.

Price moved well below the preferred higher target.

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