Tag Archives: gold elliott wave technical analysis

Developing an Elliott Wave Count – Video – 21st September, 2017

This video was recorded on 18th September, 2017.

The video shows how I developed an Elliott wave count and checked subdivisions within minor wave 1 upwards, which ended on the 8th of September, 2017.

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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.

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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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GOLD Elliott Wave Technical Analysis – 19th April, 2017

Yesterday’s analysis expected the correction to continue sideways for another day.

A small downwards day mostly fits the expectation and price remains well above the invalidation point on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 13th April, 2017

Upwards movement continues and price has remained within the upper half of the channel on the hourly chart, which was expected at this stage.

Trading advice is given to members to manage long positions towards the end of this week.

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GOLD Elliott Wave Technical Analysis – 11th April, 2017

A classic upwards breakout has unfolded as expected. In last analysis members were advised to enter a hedge or just enter long. With stops for long positions just below 1,240.24 or 1,221 (depending on trading strategy), members should now have profitable long positions. Short hedges, if entered, should have been automatically closed just above 1,269.72.

Trading advice for profit taking and managing long positions is given today.

It is time to step back and look at the bigger picture. Today’s analysis updates monthly and weekly charts.

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