Today price has broken below the lower triangle trend line and below a confidence point. The alternate Elliott wave count should be taken seriously.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – November 5, 2019 →

A small range inside day sees all three daily Elliott wave counts remain valid.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – October 14, 2019 →

Continue reading GOLD: Elliott Wave and Technical Analysis | Video – September 20, 2019 →

Sideways movement continues all week. Price remains range bound.

The Elliott wave counts both expect a breakout in the same direction.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 20, 2019 →

For the short term, yesterday’s analysis had three hourly charts which all expected some downwards movement. A red daily candlestick exactly fits this expectation.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 29, 2019 →

Upwards movement continues as the bullish Elliott wave count has expected. The bearish Elliott wave count remains valid, and the target zone has been widened.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 7, 2019 →

The pennant pattern remains valid; the breakout is now expected within the next few hours. The targets calculated from the flag pole of the pennant pattern and from Elliott wave remain the same.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 16, 2019 →

After an upwards breakout on Friday, three Elliott wave counts remain valid.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 21, 2019 →

Price remains range bound within identified support and resistance. A breakout may come now next week.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 30, 2019 →

A bounce was expected to end about 1,289. Upwards movement reached a high at 1,290.90 where price sharply reversed, just 1.90 above the target.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 8, 2019 →

More downwards movement was expected and this is exactly what is happening. The Elliott wave count and targets remain the same. All three Elliott wave counts expect more downwards movement at least for the short term.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 16, 2019 →

Price remains within the channel on the hourly chart and the flag pattern remains valid. Price has breached the short-term invalidation point on the hourly chart but remains below the invalidation point on the daily chart.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 25, 2019 →

Downwards movement has continued exactly as the preferred Elliott wave count expected for the week.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 1, 2019 →