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 →

Downwards movement was expected to end within a very few hours after last analysis was published and thereafter to be followed by an upwards breakout. Today price has closed above the upper edge of the pennant pattern, but a lack of support from volume so far is suspicious.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 17, 2019 →

All three Elliott wave counts remain valid and two short-term scenarios are considered for members today on hourly charts. Overall, all three Elliott wave counts expect the same direction next but targets differ.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 24, 2019 →