Tag Archives: gold elliott wave technical analysis

GOLD Elliott Wave Technical Analysis – 4th December, 2017

Downwards movement was expected as fairly likely for Monday’s session. An inside day is complete; price has mostly moved sideways. This changes the short term picture.

The classic triangle pattern is identified; a breakout may come about 73% to 75% of the triangle length (this is calculated today). Members are advised on when we may see a breakout.

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GOLD Elliott Wave Technical Analysis – 21st November, 2017

A little upwards movement fits the second Elliott wave count again quite nicely. This preferred wave count expects some more sideways movement, and then a breakout from the range Gold has been contained in now for some weeks.

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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