A slight new low followed by some sideways movement fits mostly with expectations for the hourly Elliott wave count.
Continue reading GOLD Elliott Wave Technical Analysis – 12th June, 2017
Tag Archives: gold rate forecast 2017
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.
Continue reading GOLD Elliott Wave Technical Analysis – 28th March, 2017
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.
Continue reading GOLD Elliott Wave Technical Analysis – 23rd March, 2017
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.
Continue reading GOLD Elliott Wave Technical Analysis – 22nd March, 2017
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.
Continue reading GOLD Elliott Wave Technical Analysis – 14th February, 2017
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.
Continue reading GOLD Elliott Wave Technical Analysis – 1st February, 2017