Price remains range bound within the trend lines of a possible ascending triangle. The breakout may come in another 9 sessions.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – October 31, 2019 →

More upwards movement was expected for the very short term. This is exactly what is happening.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – October 9, 2019 →

Sideways movement continues. The breakout is expected this week.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 17, 2019 →

Both Elliott wave counts at the end of last week expected upwards movement. The first target at 1,543 was met and exceeded by $9.65 before price reversed.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 26, 2019 →

Price remains below resistance and above support. This week the trend reaches extreme and conditions are overbought. All three Elliott wave counts remain the same.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 2, 2019 →

Price remains range bound. The short-term structure on the hourly chart now suggests the most likely breakout direction.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 11, 2019 →

For the very short term, a deep bounce was expected, which is what has happened.

Price remains below the invalidation point.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – June 18, 2019 →

Another very small range day fits the short-term expectation for the main Elliott wave count for price to move very slightly higher.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 27, 2019 →

A strong bounce at the end of the week creates a candlestick pattern on the daily chart that has support from volume. The short-term expectation is adjusted, but the mid and long-term Elliott wave targets remain the same as does the channel on the daily chart.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – May 3, 2019 →

A bounce was expected to end at resistance yesterday, and thereafter downwards movement was expected. Members were advised to enter short. A strong downwards day should see members with profits.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – April 11, 2019 →

The flag pattern may continue, and the target calculated remains the same. Price remains below the invalidation point on the daily Elliott wave chart.

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

Price has again moved sideways, which overall fits the expectations for the Elliott wave count.

Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 26, 2019 →