Tag Archives: gold fibonacci analysis

GOLD Elliott Wave Technical Analysis – 5th July, 2016

A correction was expected to end at a target zone given at 1,337 – 1,339. Price moved lower to reach 1,338.21 and turned there to continue upwards, exactly as expected.

Continue reading GOLD Elliott Wave Technical Analysis – 5th July, 2016

GOLD Elliott Wave Technical Analysis – 7th January, 2016

Price has broken out of a consolidation upwards.

Continue reading GOLD Elliott Wave Technical Analysis – 7th January, 2016

GOLD Elliott Wave Technical Analysis – 11th December, 2015

The correction continues as expected.

Continue reading GOLD Elliott Wave Technical Analysis – 11th December, 2015

GOLD Elliott Wave Technical Analysis – 26th November, 2015

Slow sideways movement was expected.

I have a new hourly Elliott wave count today which fits recent movement perfectly.

Continue reading GOLD Elliott Wave Technical Analysis – 26th November, 2015

GOLD Elliott Wave Technical Analysis – 24th November, 2015

A correction was expected to most likely continue, which is what has happened.

Continue reading GOLD Elliott Wave Technical Analysis – 24th November, 2015

GOLD Elliott Wave Technical Analysis – 13th November, 2015

A small inside day leaves both Elliott wave counts valid.

Continue reading GOLD Elliott Wave Technical Analysis – 13th November, 2015

GOLD Elliott Wave Technical Analysis – 5th November, 2015

More downwards movement was expected.

Only one wave count is left now.

Continue reading GOLD Elliott Wave Technical Analysis – 5th November, 2015

GOLD Elliott Wave Technical Analysis – 28th October, 2015

Downwards movement was expected, but price breached the invalidation point on the hourly chart first providing much confusion with the wave count.

Continue reading GOLD Elliott Wave Technical Analysis – 28th October, 2015

GOLD Elliott Wave Technical Analysis – 19th October, 2015

Sideways movement was expected for Monday.

Price has moved lower, not sideways, remaining just above the invalidation point on the hourly chart.

Continue reading GOLD Elliott Wave Technical Analysis – 19th October, 2015

GOLD Elliott Wave Technical Analysis – 15th September, 2015

A small red candlestick on light volume indicates a correction unfolded during Tuesday’s session.

Price still has not clarified the situation, and both bull and bear Elliott wave counts remain valid.

Continue reading GOLD Elliott Wave Technical Analysis – 15th September, 2015

GOLD Elliott Wave Technical Analysis – 7th September, 2015

Overall downwards movement was expected mid term for both Elliott wave counts.

The short term structure favours the idea presented on the hourly bear Elliott wave count.

Continue reading GOLD Elliott Wave Technical Analysis – 7th September, 2015

GOLD Elliott Wave Technical Analysis – 26th August, 2015

Movement below 1,119.23 has invalidated how the bull wave count was labelled for most recent movement and reduced the probability overall of that count.

At this stage, I now have a bull and bear count which have about an even probability. Price should tell us which one is correct.

Continue reading GOLD Elliott Wave Technical Analysis – 26th August, 2015