Price has bounced up off the lower edge of the ascending triangle trend line.
The breakout from the triangle is now expected in 10 more sessions. All three Elliott wave counts remain valid.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – October 30, 2019
The base channel on the main daily Elliott wave count may show were price finds resistance tomorrow.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – October 8, 2019
A small amount of upwards movement to start the week remains below the short-term invalidation point. Both Elliott wave counts remain valid.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 16, 2019
For the short term, upwards movement to at least 1,528.20 was expected. The high for Friday at 1,528.68 meets this expectation perfectly.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 23, 2019
The last two sessions have seen price whipsaw within a consolidation zone. Today On Balance Volume gives a reasonable signal. All Elliott wave counts remain valid.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 1, 2019
Price remains range bound. A breakout is expected shortly. Elliott wave counts provide targets.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 10, 2019
A small range day with a long lower wick moves price a little lower. Downwards movement overall was expected from the main Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 17, 2019
Price remains range bound at the end of the week after moving mostly sideways. All Elliott wave counts remain valid.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 24, 2019
Downwards movement continues as expected from all three Elliott wave counts. Targets remain the same.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 2, 2019
A little more upwards movement was expected for Wednesday to end about 1,307 to 1,310. Upwards movement has continued to reach a high at 1,310.17 so far.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 10, 2019
Price remains below the short-term invalidation point. Both short-term Elliott wave counts remain valid.
A flag pattern is identified for Gold. A target is calculated using the flag pole.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – March 19, 2019
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