Upwards movement was expected to continue, which is exactly what has happened. A new high above 1,311.40 early in the session added confidence to this expectation.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 3, 2019 →

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A small range upwards week remains within the channel and below the invalidation point. The Elliott wave counts remain the same, and all expect the same direction next week.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 10, 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 →

For the short term, a little more upwards movement was expected to unfold. A close today below the channel on the daily chart after some downwards movement shifts this view.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 27, 2019 →

Price continues lower as the Elliott wave counts expect. Today volume and ATR suggest this may end soon. Resistance is identified for a potential bounce.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 5, 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 →

A downwards day remains within the consolidation zone.

The Elliott wave count remains valid.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 18, 2019 →

Upwards movement has continued for Monday exactly as expected. The Elliott wave target remains the same.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – December 17, 2018 →

For the very short term, some downwards movement was expected, which is what has happened at the end of the week.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 23rd November, 2018 →

Upwards movement was expected for Thursday. This is exactly what has happened.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 1st November, 2018 →

A small inside day fits the preferred Elliott wave count.

Price remains range bound. Volume still indicates the same expected breakout direction.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 9th October, 2018 →

After a five down from an Elliott wave triangle, a three up was expected to develop. This is what happened on Friday.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 28th September, 2018 →