Tag Archives: price of gold chart

GOLD Elliott Wave Technical Analysis – 28th February, 2017

Some downwards movement was expected from all three hourly Elliott wave charts.

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GOLD Elliott Wave Technical Analysis – 15th February, 2017

Price made a lower low and lower high today, the definition of downwards movement. Overall, this was expected.

But the session closed green with a strong bounce and that was not expected as the most likely scenario, but it was allowed for.

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GOLD Elliott Wave Technical Analysis – 23rd December, 2016

Another very small range day completes a small doji candlestick. This fits neatly with the expectations short term for the Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 9th November, 2016

Upwards movement fell just short of the upper confirmation / invalidation point.

Both Elliott wave counts remain valid.

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GOLD Elliott Wave Technical Analysis – 3rd November, 2016

The main hourly Elliott wave count expected a fourth wave correction to end within a range of 1,291.63 to 1,285.41.

Downwards movement for the session ended at 1,286.17. Thereafter, price has turned upwards as expected.

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GOLD Elliott Wave Technical Analysis – 10th October, 2016

Upwards movement was expected for Monday.

The alternate II Elliott wave count now begins to diverge from the main Elliott wave count at the hourly chart level, so hourly charts will be provided for both today.

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GOLD Elliott Wave Technical Analysis – 26th September, 2016

Mostly sideways movement was expected for Monday.

A green daily doji candlestick fits expectations perfectly.

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GOLD Elliott Wave Technical Analysis – 16th August, 2016

Upwards movement was again expected for the session.

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GOLD Elliott Wave Technical Analysis – 10th August, 2016

Again, upwards movement was expected.

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GOLD Elliott Wave Technical Analysis – 27th July, 2016

Again, upwards movement was expected.

A new high above 1,333.66 added further confidence to the main Elliott wave count. The target remains the same.

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GOLD Elliott Wave Technical Analysis – 14th June, 2016

Yesterday’s analysis expected one more high to 1,289. Price moved up to a high at 1,289.59 for the session.

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GOLD Elliott Wave Technical Analysis – 8th June, 2016

The main Elliott wave count yesterday expected more upwards movement to a target at 1,255 or 1,267.

So far price has moved higher as expected reaching 1,263.97.

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