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
Price continues to move lower as all three Elliott wave counts expect. Targets remain the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 17, 2019
A small amount of upwards movement was expected. Price moved slightly higher.
The short-term target remains the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 3, 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
For the short term, a little more upwards movement was expected to unfold as a zigzag. Price remains within the channel on the daily chart.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 26, 2019
Price is moving sideways. The Elliott wave counts remain unchanged.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 12, 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
Downwards movement continues as all three Elliott wave counts expected.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 4, 2019
A little upwards movement provides a little short-term clarity. The target is now close by.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 18, 2019
A small range inside day leaves all Elliott wave counts unchanged today.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 12, 2019
Downwards movement this week fits both short-term outlooks. Classic analysis is used to determine the probability of each with clear price points for a breakout.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 8, 2019