Tag Archives: chart gold price

GOLD Elliott Wave Technical Analysis – 31st May, 2016

Upwards movement was expected for Tuesday, which is exactly what happened.

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GOLD Elliott Wave Technical Analysis – 6th May, 2016

Upwards movement was expected from last analysis. Volume continues to favour the main Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 13th April, 2016

A new low below 1,243.69 has provided some confidence in the main Elliott wave count.

The alternate Elliott wave count remains valid.

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GOLD Elliott Wave Technical Analysis – 22nd March, 2016

A little downwards movement to 1,238 was expected before upwards movement. This is not quite what happened.

Price did not move any lower, but it did move higher to complete a small green doji.

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GOLD Elliott Wave Technical Analysis – 29th February, 2016

The correction so far is unfolding as the main hourly Elliott wave count expects.

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GOLD Elliott Wave Technical Analysis – 9th February, 2016

A break below a short term trend line on the hourly chart indicates a correction has begun.

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GOLD Elliott Wave Technical Analysis – 2nd February, 2016

A little more upwards movement was expected.

Price has moved slightly higher.

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GOLD Elliott Wave Technical Analysis – 22nd January, 2016

Upwards movement was expected. Price moved sideways in a small range to complete a very small red candlestick.

Price remains above the invalidation point and is hugging the support line.

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GOLD Elliott Wave Technical Analysis – 21st January, 2015

Both Elliott wave counts expected a trend change, but upwards movement has continued. This changes the probability of these two Elliott wave counts.

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GOLD Elliott Wave Technical Analysis – 5th September, 2014

A green candlestick on the daily Elliott wave chart indicates this last fifth wave will be extended, and will take its time. The targets remain the same. Upwards movement remains below the invalidation point and ended at the upper edge of the channel, as expected it should.

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GOLD Elliott Wave Technical Analysis – 20th August, 2014

A slight breach of the invalidation point on the hourly chart changes the picture considerably. I have considered multiple possibilities and present the Elliott wave count with the best fit and best overall look, which agrees with current momentum.

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GOLD Elliott Wave Technical Analysis – 6th August, 2014

The main Elliott wave count expected upwards movement in the short term to show an increase in momentum. The short term target was at 1,310. Price moved strongly higher as expected, so far up to 1,309.74.

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GOLD Elliott Wave Technical Analysis – 21st May, 2014

With continued sideways movement today I am discarding the prior main wave count in favour of the alternate, which will be my only wave count.

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