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 →

A continuation of downwards movement was expected for the short term. With the 0.382 Fibonacci ratio passed, the 0.618 Fibonacci ratio is a new target.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 27th November, 2018 →

Another small range day fits short-term expectations. All Elliott wave counts remain valid.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 5th November, 2018 →