by Lara | Aug 12, 2017 | Gold |
Price was expected to fall for Friday, but it moved slightly higher. Summary: A pullback may end on Monday or Tuesday about 1,275. If this is how price behaves, it may offer us an entry opportunity to join the upwards trend. The final target is now at 1,320. Always...
by Lara | May 24, 2017 | Gold |
A consolidation was expected to continue. So far this week that is exactly what is happening as price remains range bound. Summary: The consolidation continues. A new high reasonably above 1,263.71 now would indicate an upwards breakout and the target would be either...
by Lara | May 3, 2017 | Gold |
Price has moved slightly below the target on the alternate hourly wave count, which was at 1,244. The next 24 hours should provide clarity. Summary: If upwards movement breaks above the channel on the hourly chart, then the main wave count should be used. A low may be...
by Lara | Apr 27, 2017 | Gold |
An inside day fits both Elliott wave counts. Classic technical analysis will be used to determine which one may be more likely. Summary: Watch the best fit channel on the hourly chart carefully. If price breaks above the upper edge, then a low is very likely in for...
by Lara | Apr 10, 2017 | Gold |
The breakout from a consolidation zone has still not happened. The longer price coils between support and resistance, the more violent the breakout will be. Summary: On Balance Volume at the daily and possibly also weekly chart levels gives bullish signals for Gold....
by Lara | Mar 20, 2017 | Gold |
Sideways movement was again expected for Monday’s session. Price moved slowly higher in a small range, mostly fitting expectations. Summary: A small fourth wave correction may now continue sideways over another one to few days and should remain above 1,211.06....
by Lara | Jan 31, 2017 | Gold |
Downwards movement was expected for Tuesday but did not happen. Price has moved higher but remains below the invalidation point on the hourly Elliott wave count. Summary: A new low below 1,202.90 would add confidence that the downwards pullback has resumed. The next...
by Lara | Jan 24, 2017 | Gold |
A small downwards day remains above the invalidation point on the main hourly Elliott wave count. So far price continues to find support at the lower edge of the channel. Summary: The bottom line is still that it must be accepted there is no indication yet of an end...
by Lara | Dec 18, 2016 | Gold |
A small inside day sees upwards movement. Price remains below the invalidation point. Summary: While price remains below 1,151.95, there is a possibility of new lows with a target at 1,118 or 1,116 – 1,113. If price makes a new high above 1,151.95, then either a...
