The main wave count expected downwards movement for the last session, which is what has happened.
All three daily Elliott wave counts remain valid as price remains range bound.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – October 15, 2019
The preferred bearish Elliott wave count expected a bounce for the short term up to a target at 1,492. So far some upwards movement for the session has reached 1,485.43.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – October 1, 2019
A bounce was expected to end soon, and the downwards trend was expected to thereafter resume. Strong downwards movement today indicates the bounce is over.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 25, 2019
To begin the week a bounce was expected to continue upwards to about 1,529. Upwards movement for Monday has reached 1,525.91.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 23, 2019
Another downwards day overall fits expectations for both Elliott wave counts which expect the same direction next.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 9, 2019
Although the new month has begun with a strong upwards day, price remains range bound and below resistance.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 3, 2019
Downwards movement has continued as expected after a new high for the week.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 30, 2019
Upwards movement for the week leaves three Elliott wave counts valid.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 16, 2019
Upwards movement continued as both Elliott wave counts expected. Targets remain the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 12, 2019
Both Elliott wave counts have targets which expect more upwards movement. A small range inside day does not change the expectation.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 8, 2019
A strong downwards day has push from volume, but price remains above support. All three Elliott wave counts remain valid.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 25, 2019