Tag Archives: gold daily analysis

GOLD Elliott Wave Technical Analysis – 6th March, 2017

Price has moved higher but today’s candlestick closed red.

There are still at least two hourly Elliott wave counts for the main daily Elliott wave count. The alternate Elliott wave count has reduced in probability.

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GOLD Elliott Wave Technical Analysis – 2nd March, 2017

A strong breach of the base channel on the main hourly Elliott wave count shifted probability from bullish to bearish. The alternate Elliott wave count was then preferred because it expected more downwards movement.

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GOLD Elliott Wave Technical Analysis – 1st March, 2017

All three hourly Elliott wave charts yesterday expected some downwards movement to at least 1,240. Thereafter, the main wave count expected a resumption of upwards movement.

The low for the session was 1,237.18 and then from there price bounced to close green.

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GOLD Elliott Wave Technical Analysis – 16th November, 2016

Sideways movement continues but downwards movement was expected.

The session did close with a red daily candlestick, but a new low was not made.

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GOLD Elliott Wave Technical Analysis – 18th October, 2016

Upwards movement invalidated the Elliott wave triangle leaving only a combination possible for the correction. With only one hourly Elliott wave count left, the structure is now clearer.

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GOLD Elliott Wave Technical Analysis – 17th October, 2016

Downwards movement was expected for Monday, but this is not what happened.

Price moved mostly sideways, and a small inside day closed green.

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GOLD Elliott Wave Technical Analysis – 5th October, 2016

I have three Elliott wave counts for you today.

Elliott wave is fractal, so the key to seeing what is most likely to happen next is how to fit the current wave count into the bigger picture.

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GOLD Elliott Wave Technical Analysis – 5th July, 2016

A correction was expected to end at a target zone given at 1,337 – 1,339. Price moved lower to reach 1,338.21 and turned there to continue upwards, exactly as expected.

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GOLD Elliott Wave Technical Analysis – 7th January, 2016

Price has broken out of a consolidation upwards.

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GOLD Elliott Wave Technical Analysis – 11th December, 2015

The correction continues as expected.

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