More downwards movement was expected. Price has moved very slightly lower to complete a small range day, which remains well below the short-term invalidation point.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 26, 2019
A small range upwards day has failed to close above resistance and exhibits a decline in volume. Three Elliott wave counts now remain valid.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 4, 2019
The first target given in yesterday’s analysis on the hourly chart was at 1,532. Price reached 1,533.24 and then turned sharply down.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 13, 2019
A very small range inside day leaves the Elliott wave counts unchanged.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 22, 2019
More downwards movement fits the short-term expectation for both Elliott wave counts.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 27, 2019
A sharp upwards spike completes a strong candlestick pattern today, which suggests the next direction for at least a few days.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 5, 2019
More upwards movement was expected. The last daily candlestick makes a higher high and a higher low, which fits this expectation.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 14, 2019
A small range upwards day moves price higher, but the candlestick closed red. Overall, this fits the Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 22, 2019
Another downwards day with a lower low and a lower high was expected.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 29, 2019
Another small range day and a little more downwards movement overall fits the expectations for the Elliott wave counts.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 7, 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
Fibonacci ratios are used with the Elliott wave count to calculate targets for a final high.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 22, 2019
Price continues to behave as the preferred Elliott wave count expects, and the short-term target remains the same.
Only three weekly Elliott wave counts remain.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – December 19, 2018