A small range day leaves the Elliott wave count essentially the same. The target calculated using Elliott wave and Fibonacci ratios, and the target calculated using the last flag pattern, both remain the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 1, 2019
Upwards movement on Friday indicates the first wave down is complete. Fibonacci ratios are used to calculate targets.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 8, 2019
Price remains range bound and strong support continues to hold. Price points for support and resistance are identified. A breakout is required for confidence in the next trend.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 14, 2019
Upwards movement was expected. A higher high and a higher low fits the overall expectation.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 23, 2019
Yesterday members of Elliott Wave Gold were given a target for more upwards movement and told to expect a further increase in upwards momentum. The target remains the same, and momentum is increasing exactly as expected.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – December 20, 2018
A pullback was expected to end about 1,209 and then be followed by upwards movement. The pullback has ended at 1,211.24, just 2.24 short of the target. This is now being followed by a strong upwards session.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 28th November, 2018
Price remains within an identified consolidation zone.
A new hourly Elliott wave count is considered for the very short-term picture.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 6th November, 2018
A small sideways consolidation was expected to unfold for a fourth wave. This is exactly what is happening.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 12th October, 2018
Price remains range bound.
On Balance Volume may give a signal in the next very few days.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 3rd October, 2018
Downwards movement continues to unfold slowly as both Elliott wave counts expect, at least for the short term.
Continue reading GOLD Elliott Wave Technical Analysis – 11th September, 2018
Upwards movement was expected to begin the week for both Gold and GDX. This is exactly what has happened.
Continue reading GOLD Elliott Wave Technical Analysis – 20th August, 2018
The main hourly Elliott wave count for Friday expected a new low at least slightly below 1,218.61 but not below 1,212.11. A new low to 1,217.68 fits this expectation very well.
The alternate daily Elliott wave count remains valid.
Continue reading GOLD Elliott Wave Technical Analysis – 27th July, 2018