Tag Archives: elliotte wave

GOLD Elliott Wave Technical Analysis – 11th May, 2016

Upwards movement was expected for Wednesday’s session, which is exactly what happened.

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GOLD Elliott Wave Technical Analysis – 18th April, 2016

A little more upwards movement was expected to end about 1,248.

Price reached up to only 1,241.55 before turning down.

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GOLD Elliott Wave Technical Analysis – 28th March, 2016

The alternate Elliott wave count was invalidated.

There is only one Elliott wave count. The situation is clearer.

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GOLD Elliott Wave Technical Analysis – 4th March, 2016

If price kept rising, two targets were given for Friday: 1,280 and 1,350.

The first target was almost met. The high for Friday was 1,279.45.

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GOLD Elliott Wave Technical Analysis – 2nd January, 2015

Movement below 1,170.83 was not expected and the Elliott wave count was invalidated. The bigger picture and the mid term outlook remain the same.

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GOLD Elliott Wave Technical Analysis – 12th December, 2014

Downwards movement is finding support perfectly at the aqua blue trend line on the daily chart. The Elliott wave count remains valid and the same.

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GOLD Elliott Wave Technical Analysis – 11th November, 2014

I had expected a little downwards movement, likely to 1,141.95. We did see a little downwards movement but it failed to reach 1,141.95 before turning up. This narrows down the structural options for minor wave 2.

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GOLD Elliott Wave Technical Analysis – 3rd November, 2014

Upwards movement was expected for Monday’s session. A red candlestick was not expected, but price has mostly moved sideways and remains above the invalidation point on the main Elliott wave hourly chart.

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GOLD Elliott Wave Technical Analysis – 28th October, 2014

Downwards movement continued, but fell short of the target at 1,217 by $5.58.

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GOLD Elliott Wave Technical Analysis – 22nd September, 2014

A new low below 1,213.84 invalidated the main hourly wave count. The alternate hourly wave count allowed for downwards movement and had a target range of 1,211 – 1,206. No trend change has yet been confirmed.

Continue reading GOLD Elliott Wave Technical Analysis – 22nd September, 2014

GOLD Elliott Wave Technical Analysis – 4th August, 2014

Some downwards movement was expected in the short term to about 1,286.81. So far price has reached down to 1,286.20.

I have a new alternate Elliott wave count for you today.

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GOLD Elliott Wave Technical Analysis – 14th July, 2014

Downwards movement was expected for the main Elliott wave count, which was judged to have a 90% probability. The first target was at 1,305 and has now been slightly exceeded.

I still have an alternate wave count for you.

Continue reading GOLD Elliott Wave Technical Analysis – 14th July, 2014