Tag Archives: gold market analysis

GOLD Elliott Wave Technical Analysis – 11th December, 2017

Downwards movement continues exactly as expected towards the Elliott wave target, and price remains below the short term invalidation point on the hourly chart.

The channel on the hourly chart is redrawn, and it should be used to indicate when this downwards wave is complete.

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GOLD Elliott Wave Technical Analysis – 10th April, 2017

The breakout from a consolidation zone has still not happened. The longer price coils between support and resistance, the more violent the breakout will be.

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GOLD Elliott Wave Technical Analysis – 20th March, 2017

Sideways movement was again expected for Monday’s session. Price moved slowly higher in a small range, mostly fitting expectations.

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GOLD Elliott Wave Technical Analysis – 31st January, 2017

Downwards movement was expected for Tuesday but did not happen.

Price has moved higher but remains below the invalidation point on the hourly Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 24th January, 2017

A small downwards day remains above the invalidation point on the main hourly Elliott wave count.

So far price continues to find support at the lower edge of the channel.

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GOLD Elliott Wave Technical Analysis – 16th December, 2016

A small inside day sees upwards movement. Price remains below the invalidation point.

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