Upwards movement has continued and remains below the invalidation point and within the base channel. Today a bullish signal from On Balance Volume prompts a relabelling of the bullish daily Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – October 3, 2019
A small range inside day leaves both Elliott wave counts the same today.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 11, 2019
Price continues to be range bound. A reliable continuation pattern, a pennant, may be forming. The flag pole is used to calculate a target.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 20, 2019
Price remains range bound. With volume and ATR declining as price moves sideways, this looks like another consolidation within an ongoing trend.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 29, 2019
A strong downwards session to end the week favours the bearish Elliott wave count, but price has not yet invalidated any of the three daily charts published for members.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 5, 2019
A bounce was expected for the short term, which is exactly what has happened for the session.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 12, 2019
Further downwards movement fits the main Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 21, 2019
The neck line of the Head and Shoulders pattern has provided resistance for a back test. The target calculated from the Head and Shoulders pattern is just $3 off the target calculated using the Elliott wave count and Fibonacci Ratios.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 29, 2019
Some upwards movement was expected for Friday. Overall, this is what happened with a higher high and a higher low from Thursday.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 5, 2019
Downwards movement was expected for Gold, which is exactly what has happened today. The Elliott wave count remains the same and the target remains the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 14, 2019
The target using the flag pole remains the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 20, 2019
More upwards movement was expected to the next target at 1,313 – 1,314. The high for Tuesday’s session was at 1,311.81.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 29, 2019