Tag Archives: gold forecast

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.

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GOLD Elliott Wave Technical Analysis – 18th October, 2016

Upwards movement invalidated the Elliott wave triangle leaving only a combination possible for the correction. With only one hourly Elliott wave count left, the structure is now clearer.

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GOLD Elliott Wave Technical Analysis – 17th October, 2016

Downwards movement was expected for Monday, but this is not what happened.

Price moved mostly sideways, and a small inside day closed green.

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GOLD Elliott Wave Technical Analysis – 5th October, 2016

I have three Elliott wave counts for you today.

Elliott wave is fractal, so the key to seeing what is most likely to happen next is how to fit the current wave count into the bigger picture.

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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.

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GOLD Elliott Wave Technical Analysis – 19th September, 2016

Upwards movement was expected for Monday’s session, which is what has happened.

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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.

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GOLD Elliott Wave Technical Analysis – 3rd August, 2016

Upwards movement was expected, but a warning was given due to some bearishness in volume.

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GOLD Elliott Wave Technical Analysis – 20th July, 2016

A downwards breakout from a small pennant pattern has unfolded exactly as expected.

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GOLD Elliott Wave Technical Analysis – 5th July, 2016

A correction was expected to end at a target zone given at 1,337 – 1,339. Price moved lower to reach 1,338.21 and turned there to continue upwards, exactly as expected.

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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.

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