by Lara | Jan 9, 2019 | Gold |
A sideways consolidation was expected to begin after the session for the 4th of January closed. The following three sessions thereafter have all moved sideways, which exactly meets expectations. Elliott wave analysis is used to determine when a corrective structure...
by Lara | Dec 6, 2018 | Gold |
Upwards movement has continued as expected. The Elliott wave targets remain the same. Summary: The upwards trend may resume. The mid-term target remains the same at 1,295. For the very short term, another interruption to the upwards trend may occur about 1,250. The...
by Lara | Nov 14, 2018 | Gold |
A strong bounce invalidated the short-term hourly chart of one Elliott wave count, which increased the confidence in another Elliott wave count. Summary: Reasonable weight is given today to a candlestick reversal pattern. It looks like a low is now in place. The...
by Lara | Oct 22, 2018 | Gold |
Sideways movement was expected to continue. A small range downwards day remains between identified support and resistance. This fits expectations. Summary: A small Elliott wave triangle or classic pennant pattern may be completing. Look out for an upwards breakout to...
by Lara | Sep 19, 2018 | Gold |
Price continues to move sideways all week, which is what the preferred Elliott wave count expected. The breakout is still expected to be in the same direction, and this has support from volume analysis. Summary: A small Elliott wave triangle looks like it may be very...
by Lara | Aug 28, 2018 | Gold |
Gold remains within a small range of uncertainty, but GDX analysis at this time looks clearer. With resistance holding as expected for GDX, some confidence in the trend and the target may still be had. Summary: It is again possible for Gold that a low may be in place,...
by Lara | Aug 6, 2018 | Gold |
An inside day for Monday sees price remain above the invalidation point on the hourly Elliott wave count. A new alternate idea for the very short term is presented today. Summary: A low may again be in place. Confidence may be had with a new high above 1,227.46. A...
by Lara | Jul 19, 2018 | Gold |
Downwards movement has continued. Price is now within the target zone. Two short term hourly Elliott wave counts outline two possibilities for the next 24 hours. Summary: While price remains below 1,247.37, then allow for new lows to the lower edge of the target zone...
by Lara | Jul 5, 2018 | Gold |
Volume analysis supports the Elliott wave analysis at this stage. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways consolidation to last one to two weeks, remaining below 1,282.20. When the consolidation is...
