Tag Archives: latest gold market analysis

GOLD: Elliott Wave and Technical Analysis | Charts – June 20, 2019

Today Gold may be in the process of a classic upwards breakout from a multi-year consolidation. If this session closes above 1,374.91 (the July 2016 high) on an upwards day with support from volume, then have confidence in the breakout.

Today I have three Elliott wave counts, all of which are bullish.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 20, 2019

GOLD: Elliott Wave and Technical Analysis | Charts – February 28, 2019

The preferred Elliott wave count expected price to continue lower, which is exactly what has happened. A channel was used on the hourly chart to indicate where bounces may find resistance, and this has almost perfectly shown where the high for the session ended before price turned to move strongly lower.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 28, 2019

GOLD: Elliott Wave and Technical Analysis | Charts – 25th September, 2018

Another small range inside day sees the Elliott wave counts very slightly adjusted, but this makes little difference to the short term expectation and no difference to the mid or long term expectation. The breakout direction is still expected to be the same.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 25th September, 2018