Tag Archives: where is gold currently on elliot wave

GOLD Elliott Wave Technical Analysis – 8th December, 2017

Sideways movement during Friday’s session has reacted exactly off the upper edge of the channel given on the hourly Elliott wave chart.

A new short term target is now calculated for this downwards movement to end and a bounce to begin.

Continue reading GOLD Elliott Wave Technical Analysis – 8th December, 2017

GOLD Elliott Wave Technical Analysis – 1st December, 2017

A final upwards swing was expected by the strongly preferred Elliott wave count. This is again exactly what has happened.

An Elliott wave triangle and a classic symmetrical triangle are identified. Members are given trading advice and a most likely breakout direction, along with a possible target.

Continue reading GOLD Elliott Wave Technical Analysis – 1st December, 2017

GOLD Elliott Wave Technical Analysis – 12th April, 2017

Upwards movement continues as expected. Members have been advised to move stops up now to protect some profit. Profit targets are still the same. A new channel on the hourly chart will be used to manage long positions.

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GOLD Elliott Wave Technical Analysis – 4th April, 2017

The main Elliott wave count expected upwards movement for Tuesday’s session, which is what has happened.

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GOLD Elliott Wave Technical Analysis – 31st March, 2017

Downwards movement was expected to continue. Overall, Friday’s session did move price lower with a lower low and a lower high, but the session closed green with a strong upwards push. This was not expected.

Members are offered some trading strategies for how to approach this market early next week.

Continue reading GOLD Elliott Wave Technical Analysis – 31st March, 2017