Tag Archives: gold chart 2016

GOLD Elliott Wave Technical Analysis – 16th December, 2016

A small inside day sees upwards movement. Price remains below the invalidation point.

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GOLD Elliott Wave Technical Analysis – 27th October, 2016

Yesterday’s analysis was summarised with a warning that the consolidation pattern did not look complete.

Another inside day has essentially moved price sideways within a small range continuing the consolidation.

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GOLD Elliott Wave Technical Analysis – 26th October, 2016

A little upwards movement to 1,281 – 1,283 was expected before price turned downwards.

Price did move downwards, but no new high was made first.

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GOLD Elliott Wave Technical Analysis – 28th September, 2016

Downwards movement to about 1,320.71 was expected for Wednesday’s session.

Price moved lower to reach 1,318.02 for the session.

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GOLD Elliott Wave Technical Analysis – 19th September, 2016

Upwards movement was expected for Monday’s session, which is what has happened.

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GOLD Elliott Wave Technical Analysis – 12th August, 2016

Again, upwards movement was expected and overall did not happen.

The new low for Friday remains above the invalidation point on the hourly Elliott wave chart.

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GOLD Elliott Wave Technical Analysis – 3rd August, 2016

Upwards movement was expected, but a warning was given due to some bearishness in volume.

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GOLD Elliott Wave Technical Analysis – 20th July, 2016

A downwards breakout from a small pennant pattern has unfolded exactly as expected.

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GOLD Elliott Wave Technical Analysis – 10th June, 2016

The first target for upwards movement at 1,277 was met and exceeded by only 0.77.

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GOLD Elliott Wave Technical Analysis – 1st June, 2016

A correction is expected to be unfolding. A red doji candlestick fits this idea well.

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GOLD Elliott Wave Technical Analysis – 30th May, 2016

The main Elliott wave count expected downwards movement to a short term target at 1,195.

Downwards movement has continued to a low for the session at 1,200.07.

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GOLD Elliott Wave Technical Analysis – 18th May, 2016

The main Elliott wave count was invalidated at the hourly chart level with a new low below 1,269.63. At that stage, both alternates expected more downwards movement.

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