Tag Archives: forecast gold price

GOLD Elliott Wave Technical Analysis – 21st July, 2016

The targets were not met before price turned and moved higher. Downwards targets for the correction to end were inadequate.

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GOLD Elliott Wave Technical Analysis – 1st July, 2016

Upwards movement invalidated the main hourly Elliott wave count increasing the probability of the two alternates, both of which expected price to move higher.

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GOLD Elliott Wave Technical Analysis – 2nd June, 2016

Sideways movement was expected. A red candlestick with a small real body fits expectations for the session.

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GOLD Elliott Wave Technical Analysis – 9th May, 2016

Upwards movement was expected for Monday’s session but did not happen. The hourly Elliott wave count was invalidated by downwards movement.

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GOLD Elliott Wave Technical Analysis – 15th April, 2016

The main Elliott wave count expected a small bounce to be followed by more downwards movement.

The bounce was longer lasting and a little deeper than expected. This changes the wave count short term but not mid term.

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GOLD Elliott Wave Technical Analysis – 24th March, 2016

Both Elliott wave counts remain valid.

Price should indicate which one is correct in the next one or two sessions.

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GOLD Elliott Wave Technical Analysis – 2nd March, 2016

Upwards movement was expected from last analysis, but this looks to be too weak to be a breakout.

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GOLD Elliott Wave Technical Analysis – 6th January, 2016

The short term target for some more upwards movement at 1,091 was reached and passed so far by 3.9.

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GOLD Elliott Wave Technical Analysis – 5th January, 2016

A small inside day fits both hourly Elliott wave counts, which remain the same.

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GOLD Elliott Wave Technical Analysis – 16th December, 2015

An upwards day was expected.

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GOLD Elliott Wave Technical Analysis – 30th November, 2015

An upwards correction was expected to begin this week.

Monday is completing a green daily candlestick which fits the Elliott wave count perfectly.

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GOLD Elliott Wave Technical Analysis – 9th November, 2015

The third hourly Elliott wave count is confirmed by a green daily candlestick.

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GOLD Elliott Wave Technical Analysis – 22nd October, 2015

Again, upwards movement was expected but did not happen.

Price moved slightly lower to make a new low just 1.2 below the prior day’s low and complete a small red doji.

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