The first point looked for to give confidence in the Elliott wave count is now seen in a candlestick reversal pattern. Today completes an Evening Star on the daily chart for Gold.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 21, 2019
The target using the flag pole remains the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 20, 2019
The target at 1,338 to 1,341 is now met.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 19, 2019
A little upwards movement provides a little short-term clarity. The target is now close by.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 18, 2019
Price still remains within an identified consolidation zone. Friday’s strong upwards day lacks support from volume. The breakout from a flag pattern is suspicious.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 15, 2019
Price remains range bound and strong support continues to hold. Price points for support and resistance are identified. A breakout is required for confidence in the next trend.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 14, 2019
An outside day remains range bound. A breakout from this consolidation is required to indicate the next trend.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 13, 2019
A small range inside day leaves all Elliott wave counts unchanged today.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 12, 2019
Price remains within the consolidation zone. While strong support holds, the preferred Elliott wave count will remain at a critical juncture.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 11, 2019
