Tag Archives: gold technical analysis

GOLD Elliott Wave Technical Analysis – 24th April, 2017

A correction was expected to continue for another one to few days. Today’s red candlestick with a long lower wick mostly fits that expectation.

Price remains above the invalidation point but the wave count no longer has the right look, so today it is changed.

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GOLD Elliott Wave Technical Analysis – 30th March, 2017

Downwards movement continued for Thursday as expected. Price is now below the lower edge of the base channel on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 17th March, 2017

Sideways movement was expected for Friday. An inside day perfectly fits expectations.

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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 – 25th November, 2016

A short, sharp wave down to about 1,170 was expected for Friday’s session. This is what happened. Downwards movement reached 1,172.10 before reversing.

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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 – 4th October, 2016

Downwards movement invalidated both Elliott wave counts and broke below support.

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GOLD Elliott Wave Technical Analysis – 30th September, 2016

Again, upwards movement was expected for Friday’s session.

Price still remains above the invalidation point.

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