Tag Archives: gold elliott wave chart

GOLD: Elliott Wave and Technical Analysis | Charts – July 17, 2019

Downwards movement was expected to end within a very few hours after last analysis was published and thereafter to be followed by an upwards breakout. Today price has closed above the upper edge of the pennant pattern, but a lack of support from volume so far is suspicious.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 17, 2019

GOLD: Elliott Wave and Technical Analysis | Charts – June 20, 2019

Today Gold may be in the process of a classic upwards breakout from a multi-year consolidation. If this session closes above 1,374.91 (the July 2016 high) on an upwards day with support from volume, then have confidence in the breakout.

Today I have three Elliott wave counts, all of which are bullish.

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