Category Archives: Commodities

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GOLD: Elliott Wave and Technical Analysis | Charts – January 15, 2019

Both Elliott wave counts expected more sideways movement, which is what has happened.

The breakout is expected to be in the same direction from the Elliott wave count and from classic technical analysis of the current pattern.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 15, 2019

GOLD: Elliott Wave and Technical Analysis | Charts – January 11, 2019

Sideways movement for this week has continued exactly as expected from the Elliott wave count and classic technical analysis. The short-term structure is analysed this week to determine if the correction may be complete or not.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 11, 2019

GOLD: Elliott Wave and Technical Analysis | Charts – January 9, 2019

A sideways consolidation was expected to begin after the session for the 4th of January closed. The following three sessions thereafter have all moved sideways, which exactly meets expectations.

Elliott wave analysis is used to determine when a corrective structure may be complete.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 9, 2019