The main Elliott wave count remains essentially the same after today’s sharp whipsaw. A new alternate to consider is presented for the short term. The larger picture remains the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 4, 2019
A little more upwards movement to a preferred target at 1,306.69 was expected for the short term. The high for the session was at 1,310.99, $4.30 above the target. The Elliott wave count remains the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 13, 2019
The target at 1,338 to 1,341 is now met.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 19, 2019
A little sideways movement was expected for the short term when markets opened for the new week. This is mostly what has happened. Monday’s session completes a long legged doji with a slightly higher high.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 28, 2019
The target for upwards movement to end was at 1,295. Friday’s high at 1,295.98 almost perfectly met expectations. Members were warned to look out for a sharp reversal after the upwards wave ended.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 4, 2019
Price has moved higher exactly as the preferred Elliott wave count expected for Gold.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 3rd December, 2018
More downwards movement was expected as possible, but a close below support is more bearish than expected.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 9th November, 2018
Sideways and slightly lower movement was expected to continue. A small range day moved price lower, closing as a doji candlestick; this fits expectations for the Elliott wave counts.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 17th October, 2018
Sideways movement this week continued for Gold exactly as expected.
All four weekly Elliott wave counts will again be reviewed at the end of this week.
Continue reading GOLD Elliott Wave Technical Analysis – 14th September, 2018
Some downwards movement was expected for Gold and that is what has happened for the short term for both wave counts, which are now being followed on a daily basis.
Continue reading GOLD Elliott Wave Technical Analysis – 23rd August, 2018
Price remains above the invalidation point, finding support at the trend line on the main daily Elliott wave count.
Continue reading GOLD Elliott Wave Technical Analysis – 1st August, 2018
A downwards day, which does not make a new low, still fits overall with the bigger picture. At the end of the week, the main Elliott wave count is unchanged at the daily chart level.
Continue reading GOLD Elliott Wave Technical Analysis – 1st June, 2018