by Lara | Apr 1, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – April 1, 2021 Upwards movement is now just above the upper edge of a channel on daily and hourly charts. Both Elliott wave counts remain valid. Summary: The first wave count is bearish for the bigger picture...
by Lara | Mar 31, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – March 31, 2021 A strong bounce completes a Bullish Engulfing candlestick pattern, but this lacks support from volume. The first and preferred Elliott wave count did expect another bounce for a second wave to...
by Lara | Mar 30, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – March 30, 2021 A stronger downwards day exactly fits expectations for the first Elliott wave count, which is judged to have more support from classic technical analysis. Summary: The first wave count is...
by Lara | Mar 29, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – March 29, 2021 Downwards movement today fits expectations for the first Elliott wave count. Summary: The first wave count is bearish for the bigger picture and classic technical analysis supports this view....
by Lara | Mar 26, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – March 26, 2021 Price has mostly moved sideways all week. The short-term volume profile supports the first Elliott wave count. Summary: The first wave count is bearish for the bigger picture and classic...
by Lara | Mar 25, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – March 25, 2021 An outside day closes red. The first hourly Elliott wave count still has a better fit than the second, but both remain valid at this stage Summary: The first wave count is bearish for the bigger...
by Lara | Mar 24, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – March 24, 2021 Another downwards day has completed although the candlestick closed green. Both Elliott wave counts remain valid. Summary: The first wave count is bearish for the bigger picture and classic...
by Lara | Mar 3, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – March 3, 2021 Price continues to move lower with small bounces along the way down, which is exactly what the first preferred Elliott wave count has been expecting. Summary: The first wave count is bearish for...
by Lara | Mar 2, 2021 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – March 2, 2021 Another downwards day fits both Elliott wave counts for the short term. It is at this point that the two Elliott wave counts again begin to diverge. Summary: The first wave count is bearish for...