Last analysis presented a new alternate Elliott wave count for the short term that expected downwards movement that should have strength. A bearish signal yesterday from On Balance Volume supported this view, and members were warned in yesterday’s summary that downwards movement was possible, which happened today.
Continue reading GOLD Elliott Wave Technical Analysis – 17th July, 2018
A strong candlestick pattern indicates the next consolidation has arrived, $10 short of the target.
Continue reading GOLD Elliott Wave Technical Analysis – 3rd July, 2018
The Elliott wave target remains the same.
Continue reading GOLD Elliott Wave Technical Analysis – 2nd July, 2018
As expected, downwards movement continues towards the Elliott wave target.
Continue reading GOLD Elliott Wave Technical Analysis – 28th June, 2018
Upwards movement today has support from volume. This fits the main Elliott wave count.
Continue reading GOLD Elliott Wave Technical Analysis – 14th June, 2018
Downwards movement came very close to the target on the alternate hourly Elliott wave count. The main Elliott wave counts remain the same.
Continue reading GOLD Elliott Wave Technical Analysis – 17th May, 2018
A downwards swing was expected to continue. Upwards movement during Monday’s session remains below the invalidation point, and the range for this session is small. Volume does not support upwards movement.
Continue reading GOLD Elliott Wave Technical Analysis – 16th April, 2018
Downwards movement has continued a little further as last analysis expected. For the short term, volume and On Balance Volume suggest the direction for Monday and possibly Tuesday as well.
Continue reading GOLD Elliott Wave Technical Analysis – 29th March, 2018
More downwards movement was expected, which is what has happened.
Continue reading GOLD Elliott Wave Technical Analysis – 20th February, 2018
More downwards movement for the short term was expected to a target at 1,333. Price moved lower to reach 1,334.53 before bouncing higher.
Continue reading GOLD Elliott Wave Technical Analysis – 30th January, 2018