Tag Archives: elliotwavegols

GOLD Elliott Wave Technical Analysis – 30th March, 2017

Downwards movement continued for Thursday as expected. Price is now below the lower edge of the base channel on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 3rd March, 2017

Downwards movement continued as expected for the main Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 20th February, 2017

A lower high and a lower low moved price lower for Monday’s session, which is overall what the main Elliott wave count expected. A public holiday in the USA for Presidents Day saw markets very quiet.

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GOLD Elliott Wave Technical Analysis – 25th January, 2017

A breach of the trend channel and a new low below 1,195.82 invalidated the main Elliott wave count and confirmed the alternate.

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GOLD Elliott Wave Technical Analysis – 10th January, 2017

Some weakness is seen in this upwards movement and price remains within a narrow channel on the hourly Elliott wave chart.

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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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