Tag Archives: gold price outlook

GOLD Elliott Wave Technical Analysis – 27th May, 2016

Downwards movement continued, which was expected for the alternate hourly Elliott wave count but not the main.

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GOLD Elliott Wave Technical Analysis – 19th May, 2016

More downwards movement was expected to a target at 1,250 for the main Elliott wave count.

Price reached 5.65 below the target to reach 1,244.35 during the session.

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GOLD Elliott Wave Technical Analysis – 4th May, 2016

Price moved lower again as yesterday’s Elliott wave count expected.

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GOLD Elliott Wave Technical Analysis – 25th April, 2016

Price is still consolidating. Downwards movement was expected as most likely, but price moved slightly higher on a very quiet day with very light volume.

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GOLD Elliott Wave Technical Analysis – 11th April, 2016

A new high above 1,243.19 invalidated the main hourly Elliott wave count and confirmed the alternate.

At that stage, the target was at 1,256. So far price has reached up to 1,259.

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GOLD Elliott Wave Technical Analysis – 19th February, 2016

To end this week, I still have just the one daily chart but now four hourly wave counts.

I will not try to pick a winner. The labelling of 1-2-3-4 is not intended to indicate which is more or less likely. Volume and price next week should tell us which one is correct.

Continue reading GOLD Elliott Wave Technical Analysis – 19th February, 2016

GOLD Elliott Wave Technical Analysis – 8th December, 2015

A correction was expected to continue. A small inside day fits this expectation.

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GOLD Elliott Wave Technical Analysis – 18th November, 2015

Yesterday’s alternate hourly Elliott wave count was confirmed with a slight new low. Thereafter, price is behaving as expected.

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