With New York Stock Exchange closed for Good Friday, there is no new data to analyse for Friday’s session. But the weekly technical analysis is updated in this analysis.
Strong signals from On Balance Volume support the Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 19, 2019
Price moves lower as expected.
Today On Balance Volume gives a strong signal, which supports the Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 18, 2019
Price continues to move lower as all three Elliott wave counts expect. Targets remain the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 17, 2019
More downwards movement was expected and this is exactly what is happening. The Elliott wave count and targets remain the same. All three Elliott wave counts expect more downwards movement at least for the short term.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 16, 2019
This analysis overall expects a downwards trend, which is how the new trading week has begun.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 15, 2019
A small range inside day fits short-term expectations for the Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 12, 2019
A bounce was expected to end at resistance yesterday, and thereafter downwards movement was expected. Members were advised to enter short. A strong downwards day should see members with profits.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 11, 2019
A little more upwards movement was expected for Wednesday to end about 1,307 to 1,310. Upwards movement has continued to reach a high at 1,310.17 so far.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 10, 2019
Upwards movement remains below the invalidation point and price remains within the base channel. The next target at the 0.618 Fibonacci ratio is now used.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 9, 2019
A counter trend bounce was expected to end most likely about 1,297 to 1,301. The high for Monday is at 1,303.15, just slightly above the target range.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 8, 2019
