Tag Archives: gold daily analysis

GOLD Elliott Wave Technical Analysis – 17th April, 2017

A shallow consolidation was expected for Friday and Monday.

Monday completes a doji, which is essentially sideways movement, as expected.

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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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