A pullback was expected to end about 1,209 and then be followed by upwards movement. The pullback has ended at 1,211.24, just 2.24 short of the target. This is now being followed by a strong upwards session.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 28th November, 2018
Price remains within an identified consolidation zone.
A new hourly Elliott wave count is considered for the very short-term picture.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 6th November, 2018
A small sideways consolidation was expected to unfold for a fourth wave. This is exactly what is happening.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 12th October, 2018
Price remains range bound.
On Balance Volume may give a signal in the next very few days.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 3rd October, 2018
Downwards movement continues to unfold slowly as both Elliott wave counts expect, at least for the short term.
Continue reading GOLD Elliott Wave Technical Analysis – 11th September, 2018
Upwards movement was expected to begin the week for both Gold and GDX. This is exactly what has happened.
Continue reading GOLD Elliott Wave Technical Analysis – 20th August, 2018
The main hourly Elliott wave count for Friday expected a new low at least slightly below 1,218.61 but not below 1,212.11. A new low to 1,217.68 fits this expectation very well.
The alternate daily Elliott wave count remains valid.
Continue reading GOLD Elliott Wave Technical Analysis – 27th July, 2018
Upwards movement has unfolded for Monday although the candlestick closes red. Upwards movement is what was expected.
Continue reading GOLD Elliott Wave Technical Analysis – 23rd July, 2018
More downwards movement was expected for Wednesday’s session, which is exactly what happened.
Continue reading GOLD Elliott Wave Technical Analysis – 11th July, 2018
A small upwards day to just above 1,265 fits expectations for the short term. 1,265 was expected to be about where upwards movement may find resistance.
Continue reading GOLD Elliott Wave Technical Analysis – 9th July, 2018
Sideways movement to end the week fits the short term expectations for the Elliott wave count.
Continue reading GOLD Elliott Wave Technical Analysis – 6th July, 2018
A slightly downwards day closes as a doji, and downwards movement remains above the short term invalidation point.
Continue reading GOLD Elliott Wave Technical Analysis – 29th May, 2018