Tag Archives: gold outlook 2014

GOLD Elliott Wave Technical Analysis – 5th September, 2014

A green candlestick on the daily Elliott wave chart indicates this last fifth wave will be extended, and will take its time. The targets remain the same. Upwards movement remains below the invalidation point and ended at the upper edge of the channel, as expected it should.

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GOLD Elliott Wave Technical Analysis – 20th August, 2014

A slight breach of the invalidation point on the hourly chart changes the picture considerably. I have considered multiple possibilities and present the Elliott wave count with the best fit and best overall look, which agrees with current momentum.

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GOLD Elliott Wave Technical Analysis – 6th August, 2014

The main Elliott wave count expected upwards movement in the short term to show an increase in momentum. The short term target was at 1,310. Price moved strongly higher as expected, so far up to 1,309.74.

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GOLD Elliott Wave Technical Analysis – 21st May, 2014

With continued sideways movement today I am discarding the prior main wave count in favour of the alternate, which will be my only wave count.

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GOLD Elliott Wave Technical Analysis – 7th May, 2014

Downwards movement continues as expected. This strong red candlestick for Wednesday gives me more confidence the main wave count is correct.

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GOLD Elliott Wave Technical Analysis – 21st March, 2014

Last analysis expected continued downwards movement to a short term target at 1,295 to 1,293. This is not what happened; price moved slowly higher. Although the wave count remained valid the green candlestick on the daily chart indicates it was wrong and so it is changed.

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GOLD Elliott Wave Technical Analysis – 6th March, 2014

Upwards movement remains below the invalidation point for the first wave count. Both wave counts remain valid and both remain mostly the same.

I do have a new third wave count for you today.

Every technical analysis method has its periods of uncertainty. Elliott wave is no different. I do not often publish many differing wave counts for you, but today I must.

To make today’s analysis clearer I will list pros and cons for each wave count.

And, as always, members should use their own technical analysis alongside this Elliott wave analysis to corroborate one wave count over the others.

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