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 →

A strong upwards day with support from volume sees price break out of the channel on the daily chart. This necessitates a change in the Elliott wave count.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 13, 2019 →

Continue reading GOLD: Elliott Wave and Technical Analysis | Video – April 19, 2019 →

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 →

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 →

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 →