Tag Archives: gold analyze elliott

GOLD Elliott Wave Technical Analysis – 15th September, 2017

Upwards movement was expected after last analysis. Friday completed a higher high and a higher low, but a deep pullback at the end of the session closed the candlestick red. Price remains above the invalidation point on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 19th April, 2017

Yesterday’s analysis expected the correction to continue sideways for another day.

A small downwards day mostly fits the expectation and price remains well above the invalidation point on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 11th April, 2017

A classic upwards breakout has unfolded as expected. In last analysis members were advised to enter a hedge or just enter long. With stops for long positions just below 1,240.24 or 1,221 (depending on trading strategy), members should now have profitable long positions. Short hedges, if entered, should have been automatically closed just above 1,269.72.

Trading advice for profit taking and managing long positions is given today.

It is time to step back and look at the bigger picture. Today’s analysis updates monthly and weekly charts.

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GOLD Elliott Wave Technical Analysis – 8th March, 2017

Price continued lower as the two preferred hourly wave counts expected.

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GOLD Elliott Wave Technical Analysis – 7th March, 2017

Two hourly Elliott wave counts were provided yesterday. The first hourly wave count is now looking more likely.

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GOLD Elliott Wave Technical Analysis – Grand Supercycle – 7th July, 2016

This Elliott wave count expects Gold is within a grand super cycle correction.

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GOLD Elliott Wave Technical Analysis – 24th June, 2016

Upwards movement was expected, but not as much as unfolded.

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GOLD Elliott Wave Technical Analysis – 11th December, 2014

A new low below 1,221.34 invalidated the alternate hourly Elliott wave count and confirmed the main Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 26th November, 2014

More sideways movement fits the new main Elliott wave count very well, with some adjustment. The larger Elliott wave structure remains the same, and the target changes by $2.

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GOLD Elliott Wave Technical Analysis – 18th November, 2014

Upwards movement has clarified the situation. Yesterday’s alternate is now the main Elliott wave count, and I have to discard the other Elliott wave count because it no longer fits on the hourly chart and is invalid.

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GOLD Elliott Wave Technical Analysis – 10th November, 2014

I had expected a little more upwards movement to 1,185 before price turned down. This is not what happened. Downwards movement does fit the Elliott wave count nicely.

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GOLD Elliott Wave Technical Analysis – 31st October, 2014

Downwards movement continued as expected, but reached well below the target which was at 1,182. A red candlestick was expected for Friday.

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