Currently, price is bound by support and resistance. The preferred Elliott wave count sees this consolidation as a B wave that is incomplete.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 30, 2019 →

A small range inside day leaves all three Elliott wave counts valid.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 8, 2019 →

A bounce was expected to continue higher for one or two sessions, which is so far what has happened.

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

A small range inside day leaves all Elliott wave counts essentially the same.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 22, 2019 →

The neck line of the Head and Shoulders pattern continues to provide resistance, as does the short-term channel on the hourly chart. The Elliott wave targets remain the same.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 30, 2019 →

A counter trend bounce was expected to end most likely about 1,297 to 1,301. The high for Monday is at 1,303.15, just slightly above the target range.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 8, 2019 →

Price remains below the invalidation point and the channel on the daily chart. The Elliott wave count remains the same.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 15, 2019 →

The first point looked for to give confidence in the Elliott wave count is now seen in a candlestick reversal pattern. Today completes an Evening Star on the daily chart for Gold.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 21, 2019 →

The second target was met and price kept rising. The third and final target may now be used.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 30, 2019 →

Some downwards movement was expected, which is what has happened.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 8, 2019 →

A little downwards movement was expected to a short-term Elliott wave target about 1,232. Downwards movement for the session reached 1,233.44, just 1.44 short of the target.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 5th December, 2018 →

More downwards movement was expected.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 13th November, 2018 →

Sideways movement continued at the end of the week, which is what the short term expectation was for the Elliott wave count.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 19th October, 2018 →