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
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
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 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
The first target at 1,452 was almost met this week with a high at 1,450.65.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 19, 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
A little more downwards movement leaves both Elliott wave counts valid.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 26, 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