Tag Archives: gold trend

GOLD Elliott Wave Technical Analysis – 4th July, 2017

Sideways movement fits expectations following the strong downwards day of the 3rd of July, which was also expected. The Elliott wave count is nicely predicting price behaviour at this time, and it has substantial support from classic technical analysis.

Continue reading GOLD Elliott Wave Technical Analysis – 4th July, 2017

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.

Continue reading GOLD Elliott Wave Technical Analysis – 30th March, 2017

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.

Continue reading GOLD Elliott Wave Technical Analysis – 25th January, 2017

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.

Continue reading GOLD Elliott Wave Technical Analysis – 23rd January, 2017

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.

Continue reading GOLD Elliott Wave Technical Analysis – 14th December, 2016

GOLD Elliott Wave Technical Analysis – 1st December, 2016

Another new low for Gold was not expected.

Continue reading GOLD Elliott Wave Technical Analysis – 1st December, 2016

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.

Continue reading GOLD Elliott Wave Technical Analysis – 24th October, 2016