by Lara | Nov 20, 2017 | Gold |
The preferred Elliott wave count did expect a downwards swing to begin early this week. So far this is mostly what has happened. Summary: Members please note: the second wave count is now strongly preferred. It expects sideways movement to continue probably for all of...
by Lara | Nov 18, 2017 | Gold |
All three hourly Elliott wave counts expected upwards movement, which is what happened on Friday. Summary: Price may continue to move sideways in an ever decreasing range for another one to three weeks. An upwards swing may continue here to end about resistance at...
by Lara | Nov 16, 2017 | Gold |
Last analysis warned Elliott Wave Gold members that gold may continue sideways in the current consolidation for a while yet. Another very small range day moves price essentially sideways on very light volume. This market is consolidating. Volume will be used to guide...
by Lara | Nov 15, 2017 | Gold |
Another slightly higher high and higher low sees price move upwards in slow, choppy overlapping movement. Although price is overall moving higher as has been expected, the choppy overlapping movement is now indicating that this B wave may be a triangle. That...
by Lara | Nov 14, 2017 | Gold |
Members were advised in last Elliott wave analysis that price may move lower in the very short term to test support at a trend line, which was given on hourly charts. Thereafter, price was expected to turn upwards. This is what has happened. Price moved strongly...
by Lara | Nov 13, 2017 | Gold |
Volume will be relied upon strongly today to judge the next most likely direction for Gold. Summary: An upwards swing is expected to continue here to end about resistance at 1,305 to 1,310. Along the way up, there may be another small sideways movement to last one to...
by Lara | Nov 11, 2017 | Gold |
Downwards movement remains above the invalidation points on the daily charts. Price remains within the consolidation zone which it entered back on the 27th of September. Price does not move in straight lines within consolidations, and Friday’s strong downwards...
by Lara | Nov 9, 2017 | Gold |
Upwards movement continues as expected for this analysis. On Balance Volume today gives an important signal that will be given reasonable weight in this analysis. Summary: On Balance Volume gives a bullish signal today; have confidence now that price should follow...
by Lara | Nov 8, 2017 | Gold |
Upwards movement was expected for both Elliott wave counts. A higher high and a higher low with a green daily candlestick for the session fits expectations. Summary: An upwards swing is expected to continue here to end about resistance at 1,305 to 1,310. Along the way...
