by Lara | Nov 20, 2019 | Gold
The bounce has continued a little higher, remaining below the short-term invalidation point and coming up to almost touch the lower triangle trend line. Summary: The bounce may now be over and the downwards trend may resume. Price is almost right at the lower triangle...
by Lara | Oct 29, 2019 | Gold
Price remains range bound. The ascending triangle remains valid. Summary: For the very short term, a new low below 1,481.55 would add confidence in a more bearish outlook. The target would be at 1,348. For the very short term, a new high above 1,516.65 would add some...
by Lara | Oct 7, 2019 | Gold
Price remains range bound. All three daily Elliott wave counts remain valid. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be at 1,420. A new high above 1,534.62 would add confidence to a more...
by Lara | Sep 13, 2019 | Gold
Gold has moved lower for this last week, which was overall what was expected from both Elliott wave counts. The price point which differentiates the bull and bear Elliott wave counts remains the same. Summary: The situation is still unclear for the short term. The...
by Lara | Sep 6, 2019 | Gold
Downwards movement was expected for Friday’s session, which is what has happened. Both Elliott wave counts expect the same direction next. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend...
by Lara | Aug 22, 2019 | Gold
Another small range day continues sideways movement as a pennant pattern unfolds. The target calculated using the flag pole length remains the same. Summary: A classic analysis target using the pennant pattern is at 1,669. The bullish Elliott wave count expects this...
by Lara | Jul 31, 2019 | Gold
Both hourly charts yesterday expected some downwards movement, which is what is happening so far. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a sideways consolidation may continue this week and possibly for...
by Lara | Jul 9, 2019 | Gold
Another small range day moves price mostly sideways. After a highly significant breakout, a pullback or consolidation was expected to test support. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and...
