by Lara | May 5, 2021 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – May 5, 2021 An inside day with light volume supports the first Elliott wave count. Summary: The first wave count now expects a downwards trend to new lows. The second wave count expects a deep second wave...
by Lara | Apr 9, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – April 9, 2021 A downwards session with some increase in volume for Friday supports the first Elliott wave count, which now has a main and alternate. Price this week remains below both short-term invalidation...
by Lara | Apr 8, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – April 8, 2021 Further upwards movement remains below the short-term invalidation points on both the main and alternate Elliott wave counts. Summary: The first wave count is bearish for the bigger picture and...
by Lara | Apr 7, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – April 7, 2021 An inside day leaves the Elliott wave counts unchanged from yesterday at the daily chart level. On the hourly chart, a new limit for the short term is calculated. Summary: The first wave count is...
by Lara | Apr 6, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – April 6, 2021 Another upwards day with price remaining below the short-term invalidation point prompts a short-term change to the Elliott wave count. Summary: The first wave count is bearish for the bigger...
by Lara | Apr 5, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – April 5, 2021 Another small range upwards day closed as a red doji with very weak volume. The short-term volume profile continues to support the first Elliott wave count. Summary: The first wave count is...
by Lara | Apr 2, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – April 2, 2021 Today’s session was quiet. Summary: The first wave count is bearish for the bigger picture and classic technical analysis supports this view. This wave count expects a multi-year bear...
by Lara | Apr 1, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – April 1, 2021 Upwards movement is now just above the upper edge of a channel on daily and hourly charts. Both Elliott wave counts remain valid. Summary: The first wave count is bearish for the bigger picture...
by Lara | Mar 31, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – March 31, 2021 A strong bounce completes a Bullish Engulfing candlestick pattern, but this lacks support from volume. The first and preferred Elliott wave count did expect another bounce for a second wave to...
