Tag Archives: gold price trend

GOLD Elliott Wave Technical Analysis – 28th March, 2017

Downwards movement unfolded for Tuesday’s session as expected. On Balance Volume and the 200 day moving average were enough to turn price down. A new low below 1,252.75 added a little confidence to the expectation.

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GOLD Elliott Wave Technical Analysis – 23rd March, 2017

A slight new high was not expected but was allowed for. Thereafter, price has turned downwards to breach the channel on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 22nd March, 2017

The target was at 1,253. So far price has reached 1,251.21, just 1.79 short of the target.

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GOLD Elliott Wave Technical Analysis – 14th February, 2017

A little upwards movement fits the Elliott wave count.

The first in a series of second wave corrections may now be complete today.

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GOLD Elliott Wave Technical Analysis – 1st February, 2017

A new low below 1,202.92 invalidated the alternate hourly Elliott wave count and added confidence to the main hourly Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 12th December, 2016

In the short term, downwards movement was expected to a target at 1,156 – 1,154. Price moved lower to 1,152 before turning up to complete a green daily candlestick.

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GOLD Elliott Wave Technical Analysis – 8th November, 2016

Downwards movement unfolded and remains above the invalidation point.

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GOLD Elliott Wave Technical Analysis – 7th November, 2016

A slight new high was expected before a sideways consolidation began.

No slight new high was seen. Price has moved lower.

So far price remains above the invalidation point and tightly contained within a channel.

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GOLD Elliott Wave Technical Analysis – 3rd October, 2016

Downwards movement was unexpected for the main Elliott wave count and shifted probability to the alternate.

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GOLD Elliott Wave Technical Analysis – 29th September, 2016

Upwards movement was expected for Thursday’s session.

Price moved a little lower.

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GOLD Elliott Wave Technical Analysis – 14th September, 2016

Upwards movement was expected from yesterday’s Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 15th August, 2016

Upwards movement was expected for Monday’s session, which is what happened although price moved higher in a very small range.

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