Last analysis (which was just a few hours ago) expected a short term bounce. So far price has moved sideways and very slightly higher.
Continue reading GOLD Elliott Wave Technical Analysis – 28th September, 2017
Tag Archives: elliot wave gold
GOLD Elliott Wave Technical Analysis – 25th September, 2017
Price has moved strongly higher breaking out of the channel which contained prior downwards movement.
Continue reading GOLD Elliott Wave Technical Analysis – 25th September, 2017
Gold Elliott Wave Technical Analysis – 25th April, 2017
A pullback has continued lower to test support at prior resistance, which is typical price behaviour.
Volume will be used to indicate what is most likely to happen next.
Continue reading Gold Elliott Wave Technical Analysis – 25th April, 2017
GOLD Elliott Wave Technical Analysis – 17th April, 2017
A shallow consolidation was expected for Friday and Monday.
Monday completes a doji, which is essentially sideways movement, as expected.
Continue reading GOLD Elliott Wave Technical Analysis – 17th April, 2017
GOLD Elliott Wave Technical Analysis – 7th April, 2017
A strong upwards movement was expected on Friday. This is what happened, but then price reversed and retraced almost all of the upwards movement.
Continue reading GOLD Elliott Wave Technical Analysis – 7th April, 2017
GOLD Elliott Wave Technical Analysis – 23rd March, 2017
A slight new high was not expected but was allowed for. Thereafter, price has turned downwards to breach the channel on the hourly chart.
Continue reading GOLD Elliott Wave Technical Analysis – 23rd March, 2017
GOLD Elliott Wave Technical Analysis – 22nd March, 2017
The target was at 1,253. So far price has reached 1,251.21, just 1.79 short of the target.
Continue reading GOLD Elliott Wave Technical Analysis – 22nd March, 2017
GOLD Elliott Wave Technical Analysis – 21st March, 2017
A fourth wave correction ended right at the lower edge of the Elliott channel and from there price bounced up to make new highs for a fifth wave.
Continue reading GOLD Elliott Wave Technical Analysis – 21st March, 2017
GOLD Elliott Wave Technical Analysis – 17th March, 2017
Sideways movement was expected for Friday. An inside day perfectly fits expectations.
Continue reading GOLD Elliott Wave Technical Analysis – 17th March, 2017
GOLD Elliott Wave Technical Analysis – 14th March, 2017
Price has moved lower which was allowed for but not what was expected. Price remains above the invalidation point on the hourly chart.
Continue reading GOLD Elliott Wave Technical Analysis – 14th March, 2017
GOLD Elliott Wave Technical Analysis – 13th March, 2017
Price has moved overall higher as expected from the main hourly Elliott wave count in last analysis.
Continue reading GOLD Elliott Wave Technical Analysis – 13th March, 2017
GOLD Elliott Wave Technical Analysis – 6th March, 2017
Price has moved higher but today’s candlestick closed red.
There are still at least two hourly Elliott wave counts for the main daily Elliott wave count. The alternate Elliott wave count has reduced in probability.
Continue reading GOLD Elliott Wave Technical Analysis – 6th March, 2017
GOLD Elliott Wave Technical Analysis – 2nd March, 2017
A strong breach of the base channel on the main hourly Elliott wave count shifted probability from bullish to bearish. The alternate Elliott wave count was then preferred because it expected more downwards movement.
Continue reading GOLD Elliott Wave Technical Analysis – 2nd March, 2017