Tag Archives: gold elliott wave technical analysis

GOLD Elliott Wave Technical Analysis – 10th November, 2017

Downwards movement remains above the invalidation points on the daily charts. Price remains within the consolidation zone which it entered back on the 27th of September.

Price does not move in straight lines within consolidations, and Friday’s strong downwards movement is evidence of this fact.

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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.

Continue reading GOLD Elliott Wave Technical Analysis – 15th September, 2017

GOLD Elliott Wave Technical Analysis – 29th August, 2017

Price has reacted strongly downwards after moving slightly higher to perfectly touch the long term bear market trend line, which was expected. A red daily candlestick was printed as expected.

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