More downwards movement was expected. Price has moved very slightly lower to complete a small range day, which remains well below the short-term invalidation point.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 26, 2019
A bounce was expected to end soon, and the downwards trend was expected to thereafter resume. Strong downwards movement today indicates the bounce is over.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 25, 2019
A small range upwards day has failed to close above resistance and exhibits a decline in volume. Three Elliott wave counts now remain valid.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 4, 2019
Although the new month has begun with a strong upwards day, price remains range bound and below resistance.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 3, 2019
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
Upwards movement continued as both Elliott wave counts expected. Targets remain the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 12, 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
The first target at 1,452 was almost met this week with a high at 1,450.65.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 19, 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 little more downwards movement leaves both Elliott wave counts valid.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 26, 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
A small consolidation or pullback was expected to begin within this upwards movement. Today that may have arrived, as the short-term expectation for yesterday’s hourly chart anticipated.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 4, 2019