by Lara | May 30, 2017 | Gold |
A little upwards movement was expected but price fell $8 short of the target. Summary: The bounce for minor B looks complete. Downwards movement is expected for one to a few weeks. The first weekly chart has a target at 1,141. The second weekly chart has a target...
by Lara | May 9, 2017 | Gold |
The target at 1,214 was met. However, the Elliott wave structure is incomplete with conditions entering oversold and On Balance Volume again at support. Summary: The target is now at 1,202. If price makes a new high short term above 1,225.18, then the probability that...
by Lara | May 8, 2017 | Gold |
The target, which has not been met, remains the same. Summary: The target is still 1,214. If this is wrong, it may be too low because price is at strong support and On Balance Volume is at support at the weekly and daily chart levels. Look out for a bounce to begin...
by Lara | Mar 27, 2017 | Gold |
Downwards movement was expected to start the new trading week, but this is not what happened. Summary: Resistance on On Balance Volume and the 200 day moving average may be enough to turn price here down. In the short term, a new low below 1,252.75 would add a little...
by Lara | Mar 10, 2017 | Gold |
Price moved into the target zone, which was 1,197 to 1,192, and then turned upwards to print a green daily candlestick. Summary: Allow for the possibility of new lows while price remains within the channel. The next target is now at 1,193 – 1,192. If the...
by Lara | Dec 8, 2016 | Gold |
Sideways movement was expected. In the short term, some downwards movement within a consolidation was expected for the session, and this is what has happened. Summary: At this stage, it looks more likely that Gold is within a sideways consolidation that may last a...
by Lara | Dec 7, 2016 | Gold |
Price has moved higher to complete a green daily candlestick, as expected for the main Elliott wave count, but so far it is concerning that volume has not supported this movement. Summary: At this stage, it looks more likely that Gold has just begun a sideways...
by Lara | Dec 6, 2016 | Gold |
Price has moved sideways to complete a very small inside day. The analysis is essentially unchanged. Summary: It looks like Gold is finding a low. Confidence in a trend change would come with a new high above 1,232.48. Double divergence now with RSI strongly indicates...
by Lara | Sep 13, 2016 | Gold |
Upwards movement was expected for Tuesday’s session but did not happen. Price moved lower but remains above the invalidation point. Summary: Price should turn upwards as an upwards trend develops. Range and volatility are expected to increase. The long term...
