Tag Archives: gold analysis today

GOLD Elliott Wave Technical Analysis – 6th April, 2018

More downwards movement was expected for Friday. The session did begin with a new low, but thereafter a strong bounce completed a green daily candlestick. Members were warned not to expect price to move downwards in a straight line. The bounce remains well below the Elliott wave invalidation point on the hourly chart.

Continue reading GOLD Elliott Wave Technical Analysis – 6th April, 2018

GOLD Elliott Wave Technical Analysis – 18th April, 2017

Yesterday’s analysis expected another shallow correction to continue sideways. This is mostly what has happened. Price bounced up almost exactly at the lower edge of the channel on the hourly chart, where support was expected as fairly likely.

Continue reading GOLD Elliott Wave Technical Analysis – 18th April, 2017