Tag Archives: long term elliott wave count

GOLD Elliott Wave Technical Analysis – 14th September, 2017

A little more downwards movement was allowed for and was expected to find very strong support at a long term trend line. This is what appears to be happening today with price bouncing strongly up off the line.

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GOLD Elliott Wave Technical Analysis – 11th September, 2017

A consolidation was expected to pull price down to about 1,335. Downwards movement has unfolded mostly as expected, although price is moving in more of a straight line than was expected and has reached 10.30 below the target so far.

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GOLD Elliott Wave Technical Analysis – 2nd May, 2017

Price moved slightly lower, which was not what the main wave count expected, but it was allowed for. No confirmation of a trend change has yet been seen.

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GOLD Elliott Wave Technical Analysis – 10th April, 2017

The breakout from a consolidation zone has still not happened. The longer price coils between support and resistance, the more violent the breakout will be.

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GOLD Elliott Wave Technical Analysis – 5th April, 2017

Upwards movement was expected. Price moved lower, but has rebounded strongly after the session closed. Downwards movement remained above the invalidation point on the hourly chart.

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GOLD Elliott Wave Technical Analysis – 29th March, 2017

Another downwards day for Wednesday overall was expected. The main Elliott wave count remains the same and is still preferred over the alternate.

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