Sideways movement continues as the preferred Elliott wave count expects.
Continue reading GOLD Elliott Wave and Technical Analysis – 17th September, 2018
Tag Archives: gold prices trend
GOLD Elliott Wave Technical Analysis – 25th July, 2017
A small correction was expected to move sideways and end within 24 hours. Downwards movement still fits the Elliott wave count (although deeper than expected) and price remains above the invalidation point on the hourly chart.
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GOLD Elliott Wave Technical Analysis – 10th May, 2017
A small inside day indicates a small consolidation.
Today’s candlestick completes a Harami reversal pattern, but this is not a strong reversal pattern though. An alternate Elliott wave count is provided.
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GOLD Elliott Wave Technical Analysis – 28th March, 2017
Downwards movement unfolded for Tuesday’s session as expected. On Balance Volume and the 200 day moving average were enough to turn price down. A new low below 1,252.75 added a little confidence to the expectation.
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GOLD Elliott Wave Technical Analysis – 23rd March, 2017
A slight new high was not expected but was allowed for. Thereafter, price has turned downwards to breach the channel on the hourly chart.
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GOLD Elliott Wave Technical Analysis – 22nd March, 2017
The target was at 1,253. So far price has reached 1,251.21, just 1.79 short of the target.
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GOLD Elliott Wave Technical Analysis – 14th February, 2017
A little upwards movement fits the Elliott wave count.
The first in a series of second wave corrections may now be complete today.
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GOLD Elliott Wave Technical Analysis – 1st February, 2017
A new low below 1,202.92 invalidated the alternate hourly Elliott wave count and added confidence to the main hourly Elliott wave count.
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GOLD Elliott Wave Technical Analysis – 12th December, 2016
In the short term, downwards movement was expected to a target at 1,156 – 1,154. Price moved lower to 1,152 before turning up to complete a green daily candlestick.
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GOLD Elliott Wave Technical Analysis – 8th November, 2016
Downwards movement unfolded and remains above the invalidation point.
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GOLD Elliott Wave Technical Analysis – 7th November, 2016
A slight new high was expected before a sideways consolidation began.
No slight new high was seen. Price has moved lower.
So far price remains above the invalidation point and tightly contained within a channel.
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GOLD Elliott Wave Technical Analysis – 3rd October, 2016
Downwards movement was unexpected for the main Elliott wave count and shifted probability to the alternate.
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GOLD Elliott Wave Technical Analysis – 29th September, 2016
Upwards movement was expected for Thursday’s session.
Price moved a little lower.
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