Overall, the week has begun with some sideways movement. For the short term, this is what the preferred Elliott wave count expected.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 25, 2019 →

I’ve videoed the process today of developing part of the Elliott wave count for Gold on the hourly chart. Some members may find this useful in learning Elliott wave and having a deeper understanding of the current Elliott wave structure and expectations for next week.

Continue reading GOLD: Elliott Wave and Technical Analysis | Video – Developing the Wave Count – February 1st, 2019 →

Continue reading GOLD: Elliott Wave and Technical Analysis | Video – February 1st, 2019 →

The target remains the same. At the end of this week, a channel and a specific price point are used to indicate a trend change.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 1st, 2019 →

Overall, sideways movement continues as expected from the Elliott wave counts.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – January 10, 2019 →

Continue reading GOLD: Elliott Wave and Technical Analysis | Video – 7th December, 2018 →

The short-term target for upwards movement for Friday was 1,250. Price moved higher to reach 1,249.66, just 0.34 short of the target.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 7th December, 2018 →

A small range inside day leaves all Elliott wave counts the same.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 15th November, 2018 →

An upwards breakout from a small Elliott wave triangle or a classic pennant pattern was expected, and this is what has happened.

Candlestick analysis is used today to determine if the target remains likely.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 23rd October, 2018 →

Price remains range bound. A breakout should come tomorrow or early next week.

On Balance Volume shall be watched carefully; it may give a signal prior to a breakout.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – 20th September, 2018 →

For GDX the target remains the same and resistance continues to hold as expected.

Continue reading GOLD Elliott Wave Technical Analysis – 29th August, 2018 →

Another inside day completes a Shooting Star candlestick pattern. The implications of this pattern today are evaluated in context of recent price movement.

Members’ attention today is directed to the long term picture for GDX, which is significant for this market.

Continue reading GOLD Elliott Wave Technical Analysis – 7th August, 2018 →

Technical analysis at the end of this week focuses on candlestick patterns along with a very few key indicators. A strong pattern at the end of the week suggests the direction for next week for Gold.

Continue reading GOLD Elliott Wave Technical Analysis – 20th July, 2018 →