Tag Archives: gold elliott wave technical analysis

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.

Continue reading GOLD Elliott Wave Technical Analysis – 13th April, 2017

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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GOLD Elliott Wave Technical Analysis – 6th April, 2017

An upwards breakout was again expected, but price remains range bound.

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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 – 8th March, 2017

Price continued lower as the two preferred hourly wave counts expected.

Continue reading GOLD Elliott Wave Technical Analysis – 8th March, 2017