With New York Stock Exchange closed for Good Friday, there is no new data to analyse for Friday’s session. But the weekly technical analysis is updated in this analysis.
Strong signals from On Balance Volume support the Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 19, 2019
Another downwards day with a lower low and a lower high was expected.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 29, 2019
Downwards movement has unfolded as expected. A clear breach of the channel on the daily chart now adds strong confidence to the preferred Elliott wave count and the next Elliott wave target.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 28, 2019
Another small range day and a little more downwards movement overall fits the expectations for the Elliott wave counts.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 7, 2019
A small range day fits the overall expectation for the Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 6, 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
A small range inside day leaves all Elliott wave counts unchanged today.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 12, 2019
Fibonacci ratios are used with the Elliott wave count to calculate targets for a final high.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 22, 2019
A little more downwards movement remains within the current consolidation zone. Only one hourly Elliott wave count now remains, giving some clarity on the structure of the correction.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 21, 2019
Price continues to behave as the preferred Elliott wave count expects, and the short-term target remains the same.
Only three weekly Elliott wave counts remain.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – December 19, 2018
Upwards movement continues as the preferred Elliott wave count expects. A slight new high now changes the Elliott wave structure for two of the four Elliott wave counts.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – December 18, 2018
A continuation of downwards movement was expected for the short term. With the 0.382 Fibonacci ratio passed, the 0.618 Fibonacci ratio is a new target.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 27th November, 2018