Downwards movement was expected to continue. Overall, Friday’s session did move price lower with a lower low and a lower high, but the session closed green with a strong upwards push. This was not expected.
Members are offered some trading strategies for how to approach this market early next week.
Continue reading GOLD Elliott Wave Technical Analysis – 31st March, 2017
A fourth wave correction ended right at the lower edge of the Elliott channel and from there price bounced up to make new highs for a fifth wave.
Continue reading GOLD Elliott Wave Technical Analysis – 21st March, 2017
Downwards movement continued as expected for Monday’s session.
The main Elliott wave count remains the same. The alternate is slightly adjusted at the hourly chart level.
Continue reading GOLD Elliott Wave Technical Analysis – 13th February, 2017