Tag Archives: how will the gold do in 2016

First and A wave Analysis at the Daily Chart Level

The other alternate idea of a leading expanding diagonal published up to yesterday will be discarded based upon a very low probability.

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GOLD Elliott Wave Technical Analysis – 11th November, 2016

A new low below 1,242.87 has invalidated the main Elliott wave count and confirmed the more bearish alternate.

There is only one wave count now.

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GOLD Elliott Wave Technical Analysis – 10th November, 2016

A consolidation was expected.

Downwards movement remains above the invalidation point on the main Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 4th November, 2016

Upwards movement was expected for Friday’s session.

An inside day closed green.

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GOLD Elliott Wave Technical Analysis – 12th October, 2016

Gold continues to move overall sideways within a small range.

The main Elliott wave count still expects a breakout in a very few days.

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GOLD Elliott Wave Technical Analysis – 11th October, 2016

The alternate Elliott wave count has increased in probability today, so I’ve swapped over the Elliott wave counts in today’s analysis.

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GOLD Elliott Wave Technical Analysis – 27th September, 2016

Upwards movement was expected for Tuesday’s session. This is not what happened.

The hourly wave count was invalidated with a new low below 1,332.74. A multi day pullback has begun a day earlier than expected.

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GOLD Elliott Wave Technical Analysis – 19th August, 2016

A short term downwards movement was expected to end a little below 1,346.27 but not below 1,340.01.

Price broke a little below 1,340.01 to reach 1,338.06 invalidating the first hourly Elliott wave count and unfolding as expected for the second hourly Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 18th August, 2016

Upwards movement was expected.

Price moved sideways in a narrow range, but did make a higher high and a higher low from the prior session.

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GOLD Elliott Wave Technical Analysis – 17th August, 2016

A correction was expected to end about 1,339 before upwards movement resumed.

The correction ended at 1,340.1. Thereafter, upwards movement continues as expected.

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GOLD Elliott Wave Technical Analysis – 11th August, 2016

Upwards movement was expected but did not happen.

Price moved lower, remaining above the invalidation point on the hourly Elliott wave count.

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