The first point looked for to give confidence in the Elliott wave count is now seen in a candlestick reversal pattern. Today completes an Evening Star on the daily chart for Gold.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 21, 2019
The target at 1,338 to 1,341 is now met.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 19, 2019
A little upwards movement provides a little short-term clarity. The target is now close by.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 18, 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
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
Price remains within the consolidation zone. While strong support holds, the preferred Elliott wave count will remain at a critical juncture.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 11, 2019
A channel is used to indicate a trend change. While price remains within the channel, the upwards trend should be assumed to continue.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 5th, 2019
Upwards movement continues towards the target.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 31, 2019
The second target was met and price kept rising. The third and final target may now be used.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 30, 2019
A little sideways movement was expected for the short term when markets opened for the new week. This is mostly what has happened. Monday’s session completes a long legged doji with a slightly higher high.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 28, 2019
An upwards breakout from a flag pattern was expected. The first Elliott wave target at 1,300 has been met. But the Elliott wave structure is incomplete, so the second target will now be used.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 25, 2019