Tag Archives: financial outlook 2016

GOLD Elliott Wave Technical Analysis – 28th October, 2016

Downwards movement was expected for Friday, but this is not what happened.

Upwards movement breached the invalidation point on the main hourly Elliott wave count and was supported by volume.

Continue reading GOLD Elliott Wave Technical Analysis – 28th October, 2016

GOLD Elliott Wave Technical Analysis – 20th September, 2016

Upwards movement was again expected.

Price has moved sideways to complete an inside day.

Continue reading GOLD Elliott Wave Technical Analysis – 20th September, 2016

GOLD Elliott Wave Technical Analysis – 4th August, 2016

A correction was expected to unfold, which is what has happened, but it was expected to be over more quickly though.

Continue reading GOLD Elliott Wave Technical Analysis – 4th August, 2016

GOLD Elliott Wave Technical Analysis – 21st July, 2016

The targets were not met before price turned and moved higher. Downwards targets for the correction to end were inadequate.

Continue reading GOLD Elliott Wave Technical Analysis – 21st July, 2016

GOLD Elliott Wave Technical Analysis – 1st July, 2016

Upwards movement invalidated the main hourly Elliott wave count increasing the probability of the two alternates, both of which expected price to move higher.

Continue reading GOLD Elliott Wave Technical Analysis – 1st July, 2016

GOLD Elliott Wave Technical Analysis – 2nd June, 2016

Sideways movement was expected. A red candlestick with a small real body fits expectations for the session.

Continue reading GOLD Elliott Wave Technical Analysis – 2nd June, 2016

GOLD Elliott Wave Technical Analysis – 9th May, 2016

Upwards movement was expected for Monday’s session but did not happen. The hourly Elliott wave count was invalidated by downwards movement.

Continue reading GOLD Elliott Wave Technical Analysis – 9th May, 2016

GOLD Elliott Wave Technical Analysis – 15th April, 2016

The main Elliott wave count expected a small bounce to be followed by more downwards movement.

The bounce was longer lasting and a little deeper than expected. This changes the wave count short term but not mid term.

Continue reading GOLD Elliott Wave Technical Analysis – 15th April, 2016

GOLD Elliott Wave Technical Analysis – 24th March, 2016

Both Elliott wave counts remain valid.

Price should indicate which one is correct in the next one or two sessions.

Continue reading GOLD Elliott Wave Technical Analysis – 24th March, 2016

GOLD Elliott Wave Technical Analysis – 2nd March, 2016

Upwards movement was expected from last analysis, but this looks to be too weak to be a breakout.

Continue reading GOLD Elliott Wave Technical Analysis – 2nd March, 2016