by Lara | Jun 14, 2019 | Gold |
The alternate Elliott wave count expected for the short term a new high to 1,349 before a reversal. Price reached 1,357.92, remaining below the Elliott wave invalidation point, and there sharply reversed. Summary: A high may now be in place for Gold. A new target is...
by Lara | May 23, 2019 | Gold
For the very short term, a bounce was expected for this session. The bounce is higher than expected, but it remains below the Elliott wave invalidation point. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may still be more likely....
by Lara | May 1, 2019 | Gold |
Some downwards movement at the end of the session fits expectations from the Elliott wave counts. Summary: Expect the downwards trend to resume. The mid-term Elliott wave target is at 1,220. The classic analysis target is at 1,217. Risk is just above the upper edge of...
by Lara | Apr 9, 2019 | Gold |
Upwards movement remains below the invalidation point and price remains within the base channel. The next target at the 0.618 Fibonacci ratio is now used. Summary: This bounce may end about 1,307 to 1,310, which may be about the upper edge of the base channel. If...
by Lara | Mar 18, 2019 | Gold |
A little upwards movement remains below the invalidation point. A new short-term Elliott wave count is considered. Summary: Three long-term targets are now calculated for cycle wave c to end. Confidence in a new downwards trend may be had with a new low below...
by Lara | Feb 22, 2019 | Gold |
A small range inside day sees the Elliott wave count remain the same. At the end of this week, classic analysis now supports the Elliott wave count. Summary: Both a Shooting Star on the weekly chart and an Evening Star on the daily chart indicate a high may be in...
by Lara | Jan 31, 2019 | Gold |
Upwards movement continues towards the target. Summary: The next Elliott wave target is at 1,338. The next classic analysis target is at 1,349. Assume the trend remains the same until proven otherwise. For confidence in a trend change the following things may be seen:...
