Tag Archives: elliotwavegols

GOLD Elliott Wave Technical Analysis – 25th October, 2016

Yesterday’s main Elliott wave count expected downwards movement, but this has not happened.

Classic technical analysis will be used today to judge the probability of the main vs. alternate Elliott wave counts.

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GOLD Elliott Wave Technical Analysis – 24th October, 2016

An outside day closes with a red candlestick, which slightly favours the main Elliott wave count.

Both Elliott wave counts remain viable while price remains within the consolidation / invalidation points.

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GOLD Elliott Wave Technical Analysis – 26th September, 2016

Mostly sideways movement was expected for Monday.

A green daily doji candlestick fits expectations perfectly.

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GOLD Elliott Wave Technical Analysis – 21st September, 2016

Upwards movement was expected.

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GOLD Elliott Wave Technical Analysis – 16th September, 2016

Upwards movement was expected for Friday’s session but did not happen.

Price remains above the invalidation point on the daily chart, which is where final risk remains.

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GOLD Elliott Wave Technical Analysis – 10th August, 2016

Again, upwards movement was expected.

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GOLD Elliott Wave Technical Analysis – 5th August, 2016

A correction was expected to end about 1,347 – 1,346. A lower target was considered at 1,333.

Price moved well below the preferred higher target.

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GOLD Elliott Wave Technical Analysis – 2nd August, 2016

Again, upwards movement unfolded as expected from the Elliott wave count and classic technical analysis.

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GOLD Elliott Wave Technical Analysis – 1st August, 2016

Upwards movement was expected for Monday.

Overall, the session moved upwards to complete a green daily candlestick.

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GOLD Elliott Wave Technical Analysis – 27th July, 2016

Again, upwards movement was expected.

A new high above 1,333.66 added further confidence to the main Elliott wave count. The target remains the same.

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GOLD Elliott Wave Technical Analysis – 22nd July, 2016

In the short term, a small correction to about 1,325 was expected.

Price moved lower, reaching 1,320.

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GOLD Elliott Wave Technical Analysis – 19th July, 2016

The small pennant pattern noted in yesterday’s analysis continues to move price sideways in a narrow range. The breakout direction is expected to be the same.

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GOLD Elliott Wave Technical Analysis – 18th July, 2016

Downwards movement was expected to begin the new week.

Price has moved sideways in a small range, remaining below the invalidation point (which is close by) on the first Elliott wave hourly chart.

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