Tag Archives: gold elliott wave count

GOLD Elliott Wave Technical Analysis – 15th March, 2017

Price moved strongly higher exactly as the Elliott wave count expected for a third wave up. Targets remain the same.

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GOLD Elliott Wave Technical Analysis – 13th March, 2017

Price has moved overall higher as expected from the main hourly Elliott wave count in last analysis.

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GOLD Elliott Wave Technical Analysis – 27th February, 2017

More upwards movement continued to start the new week as the main Elliott wave count expected.

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GOLD Elliott Wave Technical Analysis – 23rd February, 2017

An upwards day with some increase in volume has broken above resistance.

The main Elliott wave count was invalidated and the alternate Elliott wave count was confirmed.

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GOLD Elliott Wave Technical Analysis – 21st February, 2017

Gold is still range bound.

Classic analysis, with a heavy reliance on volume analysis, is used to determine probability of the main versus alternate Elliott wave counts today.

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GOLD Elliott Wave Technical Analysis – 8th February, 2017

Another upwards day sees the main and alternate Elliott wave counts switched over.

What is now the alternate Elliott wave count still remains viable. It illustrates the risk today to trading based upon the main Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 9th January, 2017

Gold has had a trend change. How high this next wave goes and what structure it takes will indicate which Elliott wave count at the monthly chart level may be correct.

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GOLD Elliott Wave Technical Analysis – 21st December, 2016

A small inside day fits the preferred expectations for Gold, but all Elliott wave counts still remain valid. Targets remain the same.

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GOLD Elliott Wave Technical Analysis – 6th December, 2016

Price has moved sideways to complete a very small inside day. The analysis is essentially unchanged.

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GOLD Elliott Wave Technical Analysis – 23rd November, 2016

The main Elliott wave count was invalidated with a new low below 1,204.05, and the target at 1,203 was inadequate for the alternate Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 15th November, 2016

Yesterday’s Elliott wave and classic technical analysis expected some sideways / upwards movement for Thursday, which is exactly what happened.

Price has found resistance right at the trend line on the daily chart.

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GOLD Elliott Wave Technical Analysis – 1st November, 2016

The main Elliott wave count expected downwards movement and the alternate expected upwards movement.

A new high above 1,283.63 has favoured what was yesterday’s alternate wave count.

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