by Lara | Jun 30, 2018 | Gold, Gold Historical |
A candlestick pattern on the daily chart in combination with volume analysis indicate the most likely scenario for early next week. Summary: The short term target is at 1,227 for a multi day to multi week consolidation. The mid term target is 1,216 – 1,211....
by Lara | Jun 19, 2018 | Gold, Gold Historical |
Another new low was expected. This is so far what is happening. The bigger picture is updated today with a new weekly wave count. Summary: In the first instance, look now for support at the black (2)-(4) trend line on the first weekly chart (zigzag). The target for...
by Lara | Jan 27, 2018 | Gold, Gold Historical, Lara's Weekly |
Downwards movement still remains contained within the channel and above the short term invalidation point. Sideways movement for Friday leaves the Elliott wave count the same. Summary: The target for this upwards wave to end is at this stage still 1,432. Assume the...
by Lara | Jan 17, 2018 | Gold, Gold Historical |
Again, price has moved lower as the main wave count expected it to. A breach of the channel adds a little confidence, but the confidence price point has not yet been passed. Alternates should still be considered. Summary: The main wave count expects a trend change to...
by Lara | Jan 15, 2018 | Gold, Gold Historical |
All possibilities are considered, and it is time to step back and look at Elliott wave monthly charts. Summary: The main wave count expects a trend change to a new bear market to last one to several years, and the target is 470. However, for confidence in this view,...
by Lara | Aug 28, 2017 | Gold, Gold Historical |
Upwards movement was expected to continue to a target at 1,317. Price has reached 5.03 above the target. Summary: Assume the trend remains the same until proven otherwise. Assume the larger bear market remains intact while price remains below the bear market trend...
by Lara | Jun 7, 2017 | Gold, Gold Historical |
It is time to step back and take another look at the bigger picture as cycle wave b becomes a little clearer. Summary: In the short term, expect more upwards movement to a new target at 1,326. If price moves below 1,281.94, then a slightly deeper longer lasting...
by Lara | May 4, 2017 | Gold, Gold Historical |
Another strong downwards day was not expected to break below a support line that extends back to December 2016. Price action today suggests the weekly alternate count, or a variation thereof, now is more likely. Summary: The outlook is now fairly bearish. Expect a...
by Lara | Apr 11, 2017 | Gold, Gold Historical |
A classic upwards breakout has unfolded as expected. In last analysis members were advised to enter a hedge or just enter long. With stops for long positions just below 1,240.24 or 1,221 (depending on trading strategy), members should now have profitable long...
