by Lara | Oct 23, 2018 | Gold |
An upwards breakout from a small Elliott wave triangle or a classic pennant pattern was expected, and this is what has happened. Candlestick analysis is used today to determine if the target remains likely. Summary: A long upper wick today suggests the upwards...
by Lara | Sep 20, 2018 | Gold |
Price remains range bound. A breakout should come tomorrow or early next week. On Balance Volume shall be watched carefully; it may give a signal prior to a breakout. Summary: A small Elliott wave triangle looks like it may be very close to completion now for Gold....
by Lara | Aug 29, 2018 | Gold |
For GDX the target remains the same and resistance continues to hold as expected. Summary: It is again possible for Gold that a low may be in place, but this needs some confirmation with a new high above 1,216.30. While price remains below 1,216.30, it is possible...
by Lara | Aug 7, 2018 | Gold |
Another inside day completes a Shooting Star candlestick pattern. The implications of this pattern today are evaluated in context of recent price movement. Members’ attention today is directed to the long term picture for GDX, which is significant for this...
by Lara | Jul 21, 2018 | Gold |
Technical analysis at the end of this week focuses on candlestick patterns along with a very few key indicators. A strong pattern at the end of the week suggests the direction for next week for Gold. Summary: It looks very likely that a low is in place for Gold for...
by Lara | Jun 30, 2018 | Gold, Gold Historical |
A candlestick pattern on the daily chart in combination with volume analysis indicate the most likely scenario for early next week. Summary: The short term target is at 1,227 for a multi day to multi week consolidation. The mid term target is 1,216 – 1,211....
by Lara | Jun 26, 2018 | Gold |
Downwards movement today breached a trend line on one of the daily Elliott wave counts, and because of the breach it has now been discarded. Volume analysis today is used to indicate the most likely direction for tomorrow. Summary: With volume now supporting downwards...
by Lara | Jun 19, 2018 | Gold, Gold Historical |
Another new low was expected. This is so far what is happening. The bigger picture is updated today with a new weekly wave count. Summary: In the first instance, look now for support at the black (2)-(4) trend line on the first weekly chart (zigzag). The target for...
by Lara | Jun 16, 2018 | Gold |
Downwards movement fits the alternate Elliott wave count, which was expected to have a lower probability. Low probability does not mean no probability; when low probability outcomes do occur, they will never be expected as what was most likely. That is the nature of...
