Tag Archives: gold analysis

GOLD Elliott Wave Technical Analysis – 2nd May, 2017

Price moved slightly lower, which was not what the main wave count expected, but it was allowed for. No confirmation of a trend change has yet been seen.

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GOLD Elliott Wave Technical Analysis – 12th April, 2017

Upwards movement continues as expected. Members have been advised to move stops up now to protect some profit. Profit targets are still the same. A new channel on the hourly chart will be used to manage long positions.

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GOLD Elliott Wave Technical Analysis – 7th April, 2017

A strong upwards movement was expected on Friday. This is what happened, but then price reversed and retraced almost all of the upwards movement.

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GOLD Elliott Wave Technical Analysis – 4th April, 2017

The main Elliott wave count expected upwards movement for Tuesday’s session, which is what has happened.

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GOLD Elliott Wave Technical Analysis – 24th March, 2017

Downwards movement for a pullback was expected for Friday’s session. A lower low and a lower high is the definition of downwards movement, and this is what was seen for Friday.

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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 – 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 – 3rd February, 2017

An inside day for Friday’s session leaves both Elliott wave counts valid. Classic technical analysis may assist to determine whether the main or alternate Elliott wave count is correct.

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