by Lara | Feb 24, 2020 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – February 24, 2020 A blow off top continues to form as expected from last analysis. Targets remain the same. Summary: Targets are at 1,719 (bear wave count) or 1,834 (bull wave count). Conditions are now very...
by Lara | Jan 31, 2020 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – January 31, 2020 Upwards movement for Gold continues towards Elliott wave targets. Summary: Upwards movement may continue next week. Targets are 1,626 (main bear count) or 1,635 then 1,693 (bull count)....
by Lara | Jan 24, 2020 | US Oil
US OIL: Elliott Wave and Technical Analysis | Charts – January 24, 2020 Both Elliott wave counts have expected downwards movement for the last two weeks, which is exactly what is happening. Targets remain the same. Summary: Both the bullish and bearish Elliott...
by Lara | Jan 9, 2020 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – January 9, 2020 Yesterday’s analysis expected that a consolidation had begun. A smaller range downwards day overall fits the expectation. Summary: A consolidation to last either a Fibonacci 5 or 8...
by Lara | Nov 27, 2019 | Gold |
Again, downwards movement was expected and has unfolded (BarChart data). There will be corrections along the way, but overall the trend is expected to continue. Summary: The downwards trend may resume. The Elliott wave target is at 1,348. A target calculated from the...
by Lara | Nov 5, 2019 | Gold |
Today price has broken below the lower triangle trend line and below a confidence point. The alternate Elliott wave count should be taken seriously. Summary: For the very short term, a new low below 1,482.52 adds a little confidence in a more bearish outlook. A new...
by Lara | Oct 14, 2019 | Gold |
A small range inside day sees all three daily Elliott wave counts remain valid. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be at 1,420. The main Elliott wave count still expects downwards...
by Lara | Sep 20, 2019 | Gold |
Sideways movement continues all week. Price remains range bound. The Elliott wave counts both expect a breakout in the same direction. Summary: The bounce may continue up to about 1,529 before the downwards trend resumes. The bearish Elliott wave count expects a new...
by Lara | Aug 29, 2019 | Gold |
For the short term, yesterday’s analysis had three hourly charts which all expected some downwards movement. A red daily candlestick exactly fits this expectation. Summary: Sideways movement now looks like a small interruption within an ongoing upwards trend...
