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.
Continue reading GOLD Elliott Wave Technical Analysis – 12th December, 2016
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GOLD Elliott Wave Technical Analysis – 8th November, 2016
Downwards movement unfolded and remains above the invalidation point.
Continue reading GOLD Elliott Wave Technical Analysis – 8th November, 2016
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.
Continue reading GOLD Elliott Wave Technical Analysis – 7th November, 2016
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.
Continue reading GOLD Elliott Wave Technical Analysis – 29th September, 2016
GOLD Elliott Wave Technical Analysis – 14th September, 2016
Upwards movement was expected from yesterday’s Elliott wave count.
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GOLD Elliott Wave Technical Analysis – 15th August, 2016
Upwards movement was expected for Monday’s session, which is what happened although price moved higher in a very small range.
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GOLD Elliott Wave Technical Analysis – 29th July, 2016
A correction was expected to end about 1,325.
Price did move lower but only to 1,330 before turning upwards.
Continue reading GOLD Elliott Wave Technical Analysis – 29th July, 2016
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.
Continue reading GOLD Elliott Wave Technical Analysis – 15th July, 2016
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.
Continue reading GOLD Elliott Wave Technical Analysis – 26th May, 2016
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.
Continue reading GOLD Elliott Wave Technical Analysis – 18th March, 2016