Tag Archives: gold rate trend

GOLD Elliott Wave Technical Analysis – 25th January, 2017

A breach of the trend channel and a new low below 1,195.82 invalidated the main Elliott wave count and confirmed the alternate.

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GOLD Elliott Wave Technical Analysis – 23rd January, 2017

A small upwards day has made a slight new high.

Both Elliott wave counts remain the same.

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GOLD Elliott Wave Technical Analysis – 14th December, 2016

Again, upwards movement was expected to complete a small consolidation before price fell further.

The consolidation was already complete and price has made a new low.

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GOLD Elliott Wave Technical Analysis – 1st December, 2016

Another new low for Gold was not expected.

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GOLD Elliott Wave Technical Analysis – 24th October, 2016

An outside day closes with a red candlestick, which slightly favours the main Elliott wave count.

Both Elliott wave counts remain viable while price remains within the consolidation / invalidation points.

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GOLD Elliott Wave Technical Analysis – 16th September, 2016

Upwards movement was expected for Friday’s session but did not happen.

Price remains above the invalidation point on the daily chart, which is where final risk remains.

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GOLD Elliott Wave Technical Analysis – 8th September, 2016

A little downwards movement was expected to end about 1,338.

Price has moved lower to reach 1,335.89 so far.

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GOLD Elliott Wave Technical Analysis – 1st August, 2016

Upwards movement was expected for Monday.

Overall, the session moved upwards to complete a green daily candlestick.

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GOLD Elliott Wave Technical Analysis – 18th July, 2016

Downwards movement was expected to begin the new week.

Price has moved sideways in a small range, remaining below the invalidation point (which is close by) on the first Elliott wave hourly chart.

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GOLD Elliott Wave Technical Analysis – 20th May, 2016

The main Elliott wave count expected upwards movement for Friday’s session.

Price moved sideways in a small range.

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GOLD Elliott Wave Technical Analysis – 5th May, 2016

Price moved slightly lower, which was allowed for but not expected from yesterday’s analysis.

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GOLD Elliott Wave Technical Analysis – 26th April, 2016

Another small range day continues the consolidation.

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GOLD Elliott Wave Technical Analysis – 12th April, 2016

A small range day to a slight new high does not clarify which Elliott wave count is correct.

The main Elliott wave count still has a higher probability.

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