by Lara | Dec 22, 2017 | Gold |
Upwards movement for Friday’s session has found resistance right at the lower trend line of the symmetrical triangle. Volume analysis is used to determine the most likely Elliott wave count of four possibilities. Summary: Volume still does not support this...
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 | Oct 25, 2017 | Gold |
Upwards movement was expected after last analysis, which so far is what is happening. Summary: A consolidation for a B wave should complete this week. Short term upwards movement should reach a minimum of 1,302.74. Thereafter, a downwards swing should unfold. For the...
by Lara | Aug 2, 2017 | Gold |
An upwards day was expected, but this is not what happened. Two hourly Elliott wave counts are used today. Summary: While price remains above 1,255.16 and within the blue channel, it is entirely possible that a high is not yet in place. There is some support today...
by Lara | Jun 23, 2017 | Gold |
Upwards movement has continued as the main Elliott wave count expected. Summary: A bounce or a sideways consolidation has begun within the larger downwards trend. With On Balance Volume at resistance, price at resistance, and weak volume for Friday, look out for a...
by Lara | Jun 8, 2017 | Gold |
Downwards movement remained just above the invalidation point on the daily chart. The target is adjusted. Summary: The Elliott wave target for upwards movement to end is now 1,308, just below the classic analysis target at 1,310, giving a $2 range with a reasonable...
by Lara | Apr 29, 2017 | Gold |
Recent price behaviour and volume suggest the alternate Elliott wave count from last analysis has a higher probability, so in today’s analysis it is now the main wave count. Summary: A slight new low may end about 1,257 on Monday. Thereafter, the upwards trend...
by Lara | Apr 18, 2017 | Gold |
Yesterday’s analysis expected another shallow correction to continue sideways. This is mostly what has happened. Price bounced up almost exactly at the lower edge of the channel on the hourly chart, where support was expected as fairly likely. Summary: The...
by Lara | Feb 25, 2017 | Gold |
Upwards movement continued for Friday as the main wave count expected. Summary: Assume the trend remains the same until proven otherwise. The target for the middle of a third wave to end is at 1,296. If price turns and breaks below 1,238.74, then the breakout was...
