by Lara | Nov 5, 2020 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – November 5, 2020 A new high above 1,929.99 added confidence in a bullish upwards breakout. After this price point was breached, price has continued to rise. Summary: The first wave count is bearish for the...
by Lara | Nov 4, 2020 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – November 4, 2020 Price is range bound with resistance about 1,940 and support about 1,850. Main and alternate Elliott wave counts are used to consider both breakout directions, with classic technical analysis...
by Lara | Oct 14, 2020 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – October 14, 2020 Downwards movement again remains almost completely within a channel on the hourly charts. A new alternate Elliott wave count is considered today. Summary: The first and second Elliott wave...
by Lara | Oct 13, 2020 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – October 13, 2020 Downwards movement has found support about the lower edge of two channels on daily and hourly charts. Summary: The first and second Elliott wave counts expect upwards movement to 2,160. A...
by Lara | Oct 8, 2020 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – October 8, 2020 Three Elliott wave counts at the daily chart level have all converged to expect the same direction for the short term. Summary: For the very short term, a pullback may continue overall for...
by Lara | Sep 17, 2020 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – September 17, 2020 There has still been no breakout from the triangle. Two Elliott wave counts consider both possible breakout directions. Summary: On Balance Volume suggests an upwards breakout from the...
by Lara | Sep 16, 2020 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – September 16, 2020 Price remains constrained within triangle trend lines, but On Balance Volume has broken out, which may indicate the direction for a breakout from price to come soon. Summary: On Balance...
by Lara | Aug 26, 2020 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – August 26, 2020 A sharp spike lower remained above the short-term invalidation point on the hourly charts. It was then followed by upwards movement, which was expected. Summary: The pullback may be over. The...
by Lara | Aug 25, 2020 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – August 25, 2020 A very small range day leaves the Elliott wave analysis the same. Today a new structure is considered for a fourth wave, which aligns with a possible Pennant pattern. Summary: The pullback may...