Tag Archives: elliott wave projections

GOLD Elliott Wave Technical Analysis – 9th October, 2015

Upwards movement invalidated the bear Elliott wave count and confirmed the bull. With some adjustment, the bear Elliott wave count is still valid and will only be discarded when the channel containing this bear market is breached. The bear wave count will remain possible while price remains within that channel, but today it has a greatly reduced probability.

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GOLD Elliott Wave Technical Analysis – 1st October, 2015

A small red doji candlestick fits both Elliott wave counts nicely, for the short term.

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GOLD Elliott Wave Technical Analysis – 23rd September, 2015

Yesterday’s analysis expected a little more downwards movement to 1,116 for both Elliott wave counts, but this is not what happened. Price moved higher.

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GOLD Elliott Wave Technical Analysis – 27th May, 2015

A little downwards movement was allowed for. Price remains within the channel and above the invalidation points which are very close by.

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GOLD Elliott Wave Technical Analysis – 5th May, 2015

Yesterday, short term hourly Elliott wave charts expected upwards movement to at least 1,198. Price has reached up to 1,200.03 so far.

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GOLD Elliott Wave Technical Analysis – 24th April, 2015

A new low below 1,184.04 has invalidated two Elliott wave counts, leaving now only two valid Elliott wave counts.

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GOLD Elliott Wave Technical Analysis – 25th March, 2015

The small triangle completed, as expected, and was followed by more upwards movement as expected. I can now calculate a final target for you.

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GOLD Elliott Wave Technical Analysis – 23rd January, 2015

Downwards movement was expected. The main Elliott wave count is changed substantially today.

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GOLD Elliott Wave Technical Analysis – 2nd December, 2014

I had expected a little more upwards movement to complete a first wave, and thereafter a second wave to begin downwards. The first wave was actually complete at last analysis, and this red candlestick on the daily chart is the second wave which follows it.

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GOLD Elliott Wave Technical Analysis – 22nd July, 2014

More sideways movement has still not clarified the situation. The Elliott wave counts at the hourly chart level are adjusted. The triangle idea was invalidated, but a close relative, the ending diagonal, may be unfolding.

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