A small inside day sees upwards movement. Price remains below the invalidation point.
Continue reading GOLD Elliott Wave Technical Analysis – 16th December, 2016
Tag Archives: gold forecast 2016
GOLD Elliott Wave Technical Analysis – 27th October, 2016
Yesterday’s analysis was summarised with a warning that the consolidation pattern did not look complete.
Another inside day has essentially moved price sideways within a small range continuing the consolidation.
Continue reading GOLD Elliott Wave Technical Analysis – 27th October, 2016
GOLD Elliott Wave Technical Analysis – 26th October, 2016
A little upwards movement to 1,281 – 1,283 was expected before price turned downwards.
Price did move downwards, but no new high was made first.
Continue reading GOLD Elliott Wave Technical Analysis – 26th October, 2016
GOLD Elliott Wave Technical Analysis – 28th September, 2016
Downwards movement to about 1,320.71 was expected for Wednesday’s session.
Price moved lower to reach 1,318.02 for the session.
Continue reading GOLD Elliott Wave Technical Analysis – 28th September, 2016
GOLD Elliott Wave Technical Analysis – 19th September, 2016
Upwards movement was expected for Monday’s session, which is what has happened.
Continue reading GOLD Elliott Wave Technical Analysis – 19th September, 2016
GOLD Elliott Wave Technical Analysis – 12th August, 2016
Again, upwards movement was expected and overall did not happen.
The new low for Friday remains above the invalidation point on the hourly Elliott wave chart.
Continue reading GOLD Elliott Wave Technical Analysis – 12th August, 2016
GOLD Elliott Wave Technical Analysis – 3rd August, 2016
Upwards movement was expected, but a warning was given due to some bearishness in volume.
Continue reading GOLD Elliott Wave Technical Analysis – 3rd August, 2016
GOLD Elliott Wave Technical Analysis – 20th July, 2016
A downwards breakout from a small pennant pattern has unfolded exactly as expected.
Continue reading GOLD Elliott Wave Technical Analysis – 20th July, 2016
GOLD Elliott Wave Technical Analysis – 10th June, 2016
The first target for upwards movement at 1,277 was met and exceeded by only 0.77.
Continue reading GOLD Elliott Wave Technical Analysis – 10th June, 2016
GOLD Elliott Wave Technical Analysis – 1st June, 2016
A correction is expected to be unfolding. A red doji candlestick fits this idea well.
Continue reading GOLD Elliott Wave Technical Analysis – 1st June, 2016
GOLD Elliott Wave Technical Analysis – 30th May, 2016
The main Elliott wave count expected downwards movement to a short term target at 1,195.
Downwards movement has continued to a low for the session at 1,200.07.
Continue reading GOLD Elliott Wave Technical Analysis – 30th May, 2016
GOLD Elliott Wave Technical Analysis – 18th May, 2016
The main Elliott wave count was invalidated at the hourly chart level with a new low below 1,269.63. At that stage, both alternates expected more downwards movement.
Continue reading GOLD Elliott Wave Technical Analysis – 18th May, 2016
GOLD Elliott Wave Technical Analysis – 14th April, 2016
The main Elliott wave count expected downwards movement, which is what happened.
The short term target on the hourly chart was 1,228 and a bounce was expected from there. The bounce came at 1,229.17.
Continue reading GOLD Elliott Wave Technical Analysis – 14th April, 2016