Elliott wave analyst updates count for stocks, oil, and gold
An Elliott Wave analyst has revised his counts for the stock market, crude oil, and gold, pointing to a retracement in equities and further upside in oil.
Gold Market
An Elliott Wave analyst has revised his counts for the stock market, crude oil, and gold, pointing to a retracement in equities and further upside in oil.
A well-known commentator argues that market psychology, not artificial intelligence or economic data, is the true driver of gold prices. He sees a key support level for December futures.
Gold pulled back in a three-wave move from recent highs. Technical analysis placed support at 4315.86-4261.32, and price reacted higher from that zone. A break above 4450 would confirm the next leg up.