by Lara | Apr 10, 2019 | Gold |
A little more upwards movement was expected for Wednesday to end about 1,307 to 1,310. Upwards movement has continued to reach a high at 1,310.17 so far. Summary: While price remains below the upper edge of the base channel, expect it to find resistance there. This...
by Lara | Mar 19, 2019 | Gold |
Price remains below the short-term invalidation point. Both short-term Elliott wave counts remain valid. A flag pattern is identified for Gold. A target is calculated using the flag pole. Summary: Three long-term targets are now calculated for cycle wave c to end....
by Lara | Feb 25, 2019 | Gold |
Overall, the week has begun with some sideways movement. For the short term, this is what the preferred Elliott wave count expected. Summary: Both a Shooting Star on the weekly chart and an Evening Star on the daily chart indicate a high may be in place. Next, a close...
by Lara | Feb 7, 2019 | Gold
With the preferred Elliott wave count at a very important juncture, it is time to take a clean slate and see if a wave count which expects the opposite could be true. This video follows that process:
by Lara | Feb 2, 2019 | Gold |
I’ve videoed the process today of developing part of the Elliott wave count for Gold on the hourly chart. Some members may find this useful in learning Elliott wave and having a deeper understanding of the current Elliott wave structure and expectations for next...
by Lara | Feb 2, 2019 | Gold |
The target remains the same. At the end of this week, a channel and a specific price point are used to indicate a trend change. 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...
by Lara | Jan 10, 2019 | Gold |
Overall, sideways movement continues as expected from the Elliott wave counts. Summary: A sideways consolidation is now expected for a fourth wave to last about 2 to 4 weeks. It may be very shallow, with support about 1,277 and resistance about 1,297. At this stage, a...
by Lara | Dec 7, 2018 | Gold |
The short-term target for upwards movement for Friday was 1,250. Price moved higher to reach 1,249.66, just 0.34 short of the target. Summary: For the very short term, a small pullback to about 1,235 may unfold early next week, lasting about 3 to 5 days. Thereafter,...
by Lara | Nov 15, 2018 | Gold |
A small range inside day leaves all Elliott wave counts the same. Summary: Reasonable weight is given to yesterday’s candlestick reversal pattern. It looks like a low is now in place. The target for the short term is 1,295. New updates to this analysis are in...
