Upwards movement on Friday indicates the first wave down is complete. Fibonacci ratios are used to calculate targets.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 8, 2019
Category Archives: Gold Historical
GOLD: Elliott Wave and Technical Analysis | Monthly Charts – 21st September, 2018
An update of monthly charts.
Continue reading GOLD: Elliott Wave and Technical Analysis | Monthly Charts – 21st September, 2018
GOLD Elliott Wave Technical Analysis – 29th June, 2018
A candlestick pattern on the daily chart in combination with volume analysis indicate the most likely scenario for early next week.
Continue reading GOLD Elliott Wave Technical Analysis – 29th June, 2018
GOLD Elliott Wave Technical Analysis – 19th June, 2018
Another new low was expected. This is so far what is happening.
The bigger picture is updated today with a new weekly wave count.
Continue reading GOLD Elliott Wave Technical Analysis – 19th June, 2018
GOLD Elliott Wave Technical Analysis – 26th January, 2018
Downwards movement still remains contained within the channel and above the short term invalidation point. Sideways movement for Friday leaves the Elliott wave count the same.
Continue reading GOLD Elliott Wave Technical Analysis – 26th January, 2018
GOLD Elliott Wave Technical Analysis – 17th January, 2018
Again, price has moved lower as the main wave count expected it to. A breach of the channel adds a little confidence, but the confidence price point has not yet been passed. Alternates should still be considered.
Continue reading GOLD Elliott Wave Technical Analysis – 17th January, 2018
GOLD Elliott Wave Technical Analysis – 15th January, 2018
All possibilities are considered, and it is time to step back and look at Elliott wave monthly charts.
Continue reading GOLD Elliott Wave Technical Analysis – 15th January, 2018
GOLD Elliott Wave Technical Analysis – 28th August, 2017
Upwards movement was expected to continue to a target at 1,317. Price has reached 5.03 above the target.
Continue reading GOLD Elliott Wave Technical Analysis – 28th August, 2017
GOLD Elliott Wave Technical Analysis – 7th June, 2017
It is time to step back and take another look at the bigger picture as cycle wave b becomes a little clearer.
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GOLD Elliott Wave Technical Analysis – 4th May, 2017
Another strong downwards day was not expected to break below a support line that extends back to December 2016. Price action today suggests the weekly alternate count, or a variation thereof, now is more likely.
Continue reading GOLD Elliott Wave Technical Analysis – 4th May, 2017
GOLD Elliott Wave Technical Analysis – 11th April, 2017
A classic upwards breakout has unfolded as expected. In last analysis members were advised to enter a hedge or just enter long. With stops for long positions just below 1,240.24 or 1,221 (depending on trading strategy), members should now have profitable long positions. Short hedges, if entered, should have been automatically closed just above 1,269.72.
Trading advice for profit taking and managing long positions is given today.
It is time to step back and look at the bigger picture. Today’s analysis updates monthly and weekly charts.
Continue reading GOLD Elliott Wave Technical Analysis – 11th April, 2017
GOLD Elliott Wave Technical Analysis – 9th March, 2017
Price continues to move lower towards the target as expected.
Continue reading GOLD Elliott Wave Technical Analysis – 9th March, 2017
GOLD Elliott Wave Technical Analysis – 9th January, 2017
Gold has had a trend change. How high this next wave goes and what structure it takes will indicate which Elliott wave count at the monthly chart level may be correct.
Continue reading GOLD Elliott Wave Technical Analysis – 9th January, 2017