Sideways movement continues all week. Price remains range bound.
The Elliott wave counts both expect a breakout in the same direction.
A small range day continues a small consolidation pattern. The breakout is still expected in the same direction.
Last analysis expected a little more upwards movement. An outside day sees price remain range bound.
Sideways movement continues. The breakout is expected this week.
A small amount of upwards movement to start the week remains below the short-term invalidation point. Both Elliott wave counts remain valid.
Gold has moved lower for this last week, which was overall what was expected from both Elliott wave counts. The price point which differentiates the bull and bear Elliott wave counts remains the same.
A new high above 1,503.29 indicated a short-term bounce. The high for the session thereafter was reached at 1,521.27.