Tag Archives: gold analysis

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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GOLD Elliott Wave Technical Analysis – 27th January, 2017

Downwards movement ended 1.58 below the first target. A breach of the small channel on the hourly Elliott wave chart indicated a trend change, which was expected.

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GOLD Elliott Wave Technical Analysis – 20th January, 2017

Slightly higher movement from Gold for Friday’s session fits the main Elliott wave count.

Price continues to bounce up off support at the lower trend line.

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GOLD Elliott Wave Technical Analysis – 13th January, 2017

Downwards movement was expected, which is what happened. Friday’s session made a lower high and a lower low, the definition of downwards movement, although the candlestick closed green.

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GOLD Elliott Wave Technical Analysis – 11th January, 2017

Resistance will be used to see where price may turn. Fibonacci numbers are used for duration and parallel channels are used for confidence in a turn.

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GOLD Elliott Wave Technical Analysis – 22nd December, 2016

Another small inside day fits both Elliott wave counts, but price behaviour is pointing to one scenario more strongly than the other.

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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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