Tag Archives: gold prediction 2016

GOLD Elliott Wave Technical Analysis – 15th December, 2016

Downwards movement was expected to continue for the main Elliott wave count after last analysis.

The target remains the same and the alternate now has a new target.

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GOLD Elliott Wave Technical Analysis – 29th November, 2016

Upwards movement was expected, but this is not what has happened.

Price has moved mostly sideways to complete a small red doji and remains above the invalidation point on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 25th October, 2016

Yesterday’s main Elliott wave count expected downwards movement, but this has not happened.

Classic technical analysis will be used today to judge the probability of the main vs. alternate Elliott wave counts.

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GOLD Elliott Wave Technical Analysis – 20th October, 2016

The Elliott wave counts diverged yesterday.

Price remains within the confirmation / invalidation points.

Classic technical analysis, particularly volume analysis, will be used to judge the probability of each wave count today. Price is the ultimate determinator though.

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GOLD Elliott Wave Technical Analysis – 6th September, 2016

A short term move lower to 1,311 – 1,312 was expected before more upwards movement.

Price has moved higher.

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GOLD Elliott Wave Technical Analysis – 2nd August, 2016

Again, upwards movement unfolded as expected from the Elliott wave count and classic technical analysis.

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GOLD Elliott Wave Technical Analysis – 19th July, 2016

The small pennant pattern noted in yesterday’s analysis continues to move price sideways in a narrow range. The breakout direction is expected to be the same.

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GOLD Elliott Wave Technical Analysis – 7th July, 2016

Upwards movement was expected as most likely from the main Elliott wave count. The alternate expected a little downwards movement.

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GOLD Elliott Wave Technical Analysis – 31st May, 2016

Upwards movement was expected for Tuesday, which is exactly what happened.

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GOLD Elliott Wave Technical Analysis – 6th May, 2016

Upwards movement was expected from last analysis. Volume continues to favour the main Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 13th April, 2016

A new low below 1,243.69 has provided some confidence in the main Elliott wave count.

The alternate Elliott wave count remains valid.

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GOLD Elliott Wave Technical Analysis – 22nd March, 2016

A little downwards movement to 1,238 was expected before upwards movement. This is not quite what happened.

Price did not move any lower, but it did move higher to complete a small green doji.

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GOLD Elliott Wave Technical Analysis – 29th February, 2016

The correction so far is unfolding as the main hourly Elliott wave count expects.

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