by Lara | Sep 18, 2017 | Gold |
With price closing below a long term bear market trend line, the analysis is today again changed. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at 1,300 to 1,297. This downwards swing may go as low as 1,170 to...
by Lara | Sep 16, 2017 | Gold |
Upwards movement was expected after last analysis. Friday completed a higher high and a higher low, but a deep pullback at the end of the session closed the candlestick red. Price remains above the invalidation point on the hourly chart. Summary: The target is now...
by Lara | Sep 14, 2017 | Gold |
A little more downwards movement was allowed for and was expected to find very strong support at a long term trend line. This is what appears to be happening today with price bouncing strongly up off the line. Summary: This is my favourite trade set up: a breach of an...
by Lara | Sep 13, 2017 | Gold |
Overall sideways movement was expected for the week. So far price has moved a little lower, now finding support almost exactly at a long term trend line. Summary: The correction for minor wave 4 may be over today. If it moves a little lower, then a target at 1,309...
by Lara | Sep 12, 2017 | Gold |
A short term change from down to up for a bounce was expected. This is what looks like to be happening so far. Summary: Expect overall sideways movement this week. In the short term, look out for a deep bounce for wave B within this correction; it may make a new high...
by Lara | Sep 11, 2017 | Gold |
A consolidation was expected to pull price down to about 1,335. Downwards movement has unfolded mostly as expected, although price is moving in more of a straight line than was expected and has reached 10.30 below the target so far. Summary: Expect overall sideways...
by Lara | Sep 10, 2017 | Gold |
Again, upwards movement continued exactly as expected. A combination of candlestick analysis, volume analysis, RSI, and ADX will be used to identify when the trend is over or a consolidation within it may begin. Summary: The trend remains upwards, but now expect a...
by Lara | Sep 7, 2017 | Gold |
Upwards movement continues exactly as expected. The target remains the same. Summary: The trend is upwards. All trades always should be with the trend. Be prepared to exit long positions soon, either at the target or if price moves strongly down back into the base...
by Lara | Sep 6, 2017 | Gold |
A small correction finds support exactly where expected, at the upper edge of the base channel. Summary: Each time support is found is another opportunity to join the upwards trend. The low today was a perfect opportunity. The target is now about 1,375, or just below....
