Tag Archives: gold price prediction

GOLD Elliott Wave Technical Analysis – 15th July, 2016

Yesterday’s analysis expected some sideways movement for a fourth wave.

Overall, price moved lower to complete an inside day which looks like a long legged doji on StockCharts data.

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GOLD Elliott Wave Technical Analysis – 13th June, 2016

Upwards movement continued as per the alternate hourly Elliott wave count.

The channel on the hourly chart remains intact.

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GOLD Elliott Wave Technical Analysis – 26th May, 2016

Overall sideways movement fits the main Elliott wave count nicely.

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GOLD Elliott Wave Technical Analysis – 3rd May, 2016

Price moved lower as yesterday’s Elliott wave count expected.

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GOLD Elliott Wave Technical Analysis – 18th March, 2016

A break slightly above 1,266.27 to 1,266.75 meant price was expected to continue higher, but this was not what happened.

The alternate hourly Elliott wave count was confirmed with a new low below 1,255.66. At that stage, the target was 1,243.50.

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GOLD Elliott Wave Technical Analysis – 14th March, 2016

More downwards movement to a target at 1,224 was expected.

Price moved lower to reach 1,226.59 so far.

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GOLD Elliott Wave Technical Analysis – 25th February, 2016

A correction was expected to continue.

A small real body for mostly sideways movement fits the expectation.

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GOLD Elliott Wave Technical Analysis – 4th February, 2016

Upwards movement has now breached the final bear market trend line.

With confirmation of a trend change, the main wave count should now be bullish.

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GOLD Elliott Wave Technical Analysis – 3rd February, 2016

Upwards movement was expected to end either yesterday or very soon.

This upwards movement for Wednesday was unexpected but does not yet invalidate the main Elliott wave count.

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GOLD Elliott Wave Technical Analysis – 26th January, 2016

Yesterday’s analysis expected a new high above 1,112.19 and an upwards breakout, which is exactly what has happened.

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GOLD Elliott Wave Technical Analysis – 8th January, 2016

A short term target for a fourth wave correction to begin was 1,113. Price turned at 1,112.19.

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GOLD Elliott Wave Technical Analysis – 17th December, 2015

A new low below 1,057.4 confirmed the alternate hourly wave count.

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GOLD Elliott Wave Technical Analysis – 1st December, 2015

Upwards movement was expected.

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