The last high remains in place. All three Elliott wave counts at the daily chart level remain valid. Classic technical analysis favours the alternate Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 2, 2019
A new high above 1,346.45 was expected for the main Elliott wave count, although some further consolidation was expected first.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 7, 2019
Two main Elliott wave counts are published today. Confidence and invalidation points will be used to indicate which is correct.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 16, 2019
Downwards movement continues as the larger picture for the Elliott wave and technical analysis expects for Gold. Targets remain the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 24, 2019
A little upwards movement was expected. After a slight new low price has turned and moved higher.
The short-term Elliott wave count remains mostly the same but the short-term target is recalculated.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 2, 2019
A small range inside day sees the Elliott wave count remain the same. The target remains the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 11, 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
A small range day remains within a consolidation zone. The breakout is still expected to be in the same direction.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 24, 2019