A small consolidation or pullback was expected to begin within this upwards movement. Today that may have arrived, as the short-term expectation for yesterday’s hourly chart anticipated.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 4, 2019
An upwards breakout fits the alternate Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 31, 2019
A strong upwards day with support from volume sees price break out of the channel on the daily chart. This necessitates a change in the Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 13, 2019
Downwards movement was expected for Thursday’s session. An inside day sees price remain above identified support and below the Elliott wave invalidation point.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 9, 2019
With New York Stock Exchange closed for Good Friday, there is no new data to analyse for Friday’s session. But the weekly technical analysis is updated in this analysis.
Strong signals from On Balance Volume support the Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 19, 2019
Price continues to move lower as all three Elliott wave counts expect. Targets remain the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 17, 2019
Downwards movement has unfolded as expected. A clear breach of the channel on the daily chart now adds strong confidence to the preferred Elliott wave count and the next Elliott wave target.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 28, 2019
For the short term, a little more upwards movement was expected to unfold as a zigzag. Price remains within the channel on the daily chart.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 26, 2019
A small range day fits the overall expectation for the Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 6, 2019
Downwards movement continues as all three Elliott wave counts expected.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 4, 2019
A small range inside day leaves all Elliott wave counts unchanged today.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 12, 2019