Tag Archives: gold price forcast

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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GOLD Elliott Wave Technical Analysis – 13th February, 2017

Downwards movement continued as expected for Monday’s session.

The main Elliott wave count remains the same. The alternate is slightly adjusted at the hourly chart level.

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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 – 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 – 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 – 2nd February, 2016

A little more upwards movement was expected.

Price has moved slightly higher.

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GOLD Elliott Wave Technical Analysis – 22nd January, 2016

Upwards movement was expected. Price moved sideways in a small range to complete a very small red candlestick.

Price remains above the invalidation point and is hugging the support line.

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GOLD Elliott Wave Technical Analysis – 21st January, 2015

Both Elliott wave counts expected a trend change, but upwards movement has continued. This changes the probability of these two Elliott wave counts.

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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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