Tag Archives: elliott waves gold

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 – 15th February, 2017

Price made a lower low and lower high today, the definition of downwards movement. Overall, this was expected.

But the session closed green with a strong bounce and that was not expected as the most likely scenario, but it was allowed for.

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GOLD Elliott Wave Technical Analysis – 14th February, 2017

A little upwards movement fits the Elliott wave count.

The first in a series of second wave corrections may now be complete today.

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GOLD Elliott Wave Technical Analysis – 13th February, 2017

Downwards movement continued as expected for Monday’s session.

The main Elliott wave count remains the same. The alternate is slightly adjusted at the hourly chart level.

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GOLD Elliott Wave Technical Analysis – 9th February, 2017

A breach of the trend channel and a new low below 1,227.82 has invalidated the main wave count and confirmed an alternate.

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GOLD Elliott Wave Technical Analysis – 1st February, 2017

A new low below 1,202.92 invalidated the alternate hourly Elliott wave count and added confidence to the main hourly Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 16th January, 2017

Upwards movement invalidated the main hourly Elliott wave count and confirmed the alternate. The target is now adjusted.

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GOLD Elliott Wave Technical Analysis – 22nd December, 2016

Another small inside day fits both Elliott wave counts, but price behaviour is pointing to one scenario more strongly than the other.

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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 – 29th November, 2016

Upwards movement was expected, but this is not what has happened.

Price has moved mostly sideways to complete a small red doji and remains above the invalidation point on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 25th November, 2016

A short, sharp wave down to about 1,170 was expected for Friday’s session. This is what happened. Downwards movement reached 1,172.10 before reversing.

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GOLD Elliott Wave Technical Analysis – 24th November, 2016

A very quiet sideways session while New York is closed for Thanksgiving Day includes a slight new low. This makes a difference to the short term picture for the main Elliott wave count.

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