Tag Archives: gold rate forecast 2016

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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GOLD Elliott Wave Technical Analysis – 29th July, 2016

A correction was expected to end about 1,325.

Price did move lower but only to 1,330 before turning upwards.

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GOLD Elliott Wave Technical Analysis – 15th July, 2016

Yesterday’s analysis expected some sideways movement for a fourth wave.

Overall, price moved lower to complete an inside day which looks like a long legged doji on StockCharts data.

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GOLD Elliott Wave Technical Analysis – 13th June, 2016

Upwards movement continued as per the alternate hourly Elliott wave count.

The channel on the hourly chart remains intact.

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GOLD Elliott Wave Technical Analysis – 26th May, 2016

Overall sideways movement fits the main Elliott wave count nicely.

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GOLD Elliott Wave Technical Analysis – 3rd May, 2016

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

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GOLD Elliott Wave Technical Analysis – 18th March, 2016

A break slightly above 1,266.27 to 1,266.75 meant price was expected to continue higher, but this was not what happened.

The alternate hourly Elliott wave count was confirmed with a new low below 1,255.66. At that stage, the target was 1,243.50.

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