Tag Archives: gold elliott wave

GOLD Elliott Wave Technical Analysis – 17th April, 2017

A shallow consolidation was expected for Friday and Monday.

Monday completes a doji, which is essentially sideways movement, as expected.

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GOLD Elliott Wave Technical Analysis – 7th April, 2017

A strong upwards movement was expected on Friday. This is what happened, but then price reversed and retraced almost all of the upwards movement.

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GOLD Elliott Wave Technical Analysis – 23rd March, 2017

A slight new high was not expected but was allowed for. Thereafter, price has turned downwards to breach the channel on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 22nd March, 2017

The target was at 1,253. So far price has reached 1,251.21, just 1.79 short of the target.

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GOLD Elliott Wave Technical Analysis – 21st March, 2017

A fourth wave correction ended right at the lower edge of the Elliott channel and from there price bounced up to make new highs for a fifth wave.

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