by Lara | Aug 7, 2019 | Gold |
Upwards movement continues as the bullish Elliott wave count has expected. The bearish Elliott wave count remains valid, and the target zone has been widened. Summary: The upwards trend is extreme. Divergence is weakening. Volume and On Balance Volume are bullish. The...
by Lara | Jul 16, 2019 | Gold |
The pennant pattern remains valid; the breakout is now expected within the next few hours. The targets calculated from the flag pole of the pennant pattern and from Elliott wave remain the same. Summary: After the breakout from multi year resistance on 20th June,...
by Lara | Jun 22, 2019 | Gold |
After an upwards breakout on Friday, three Elliott wave counts remain valid. Summary: A shallow consolidation or a pullback to test support after the upwards breakout may now unfold next week. Look for support about 1,370 to 1,375. Thereafter, the upwards trend may...
by Lara | May 30, 2019 | Gold |
Price remains range bound within identified support and resistance. A breakout may come now next week. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may still be more likely. The target would then be at 1,219 (which may not be low...
by Lara | May 8, 2019 | Gold |
A bounce was expected to end about 1,289. Upwards movement reached a high at 1,290.90 where price sharply reversed, just 1.90 above the target. Summary: Expect the downwards trend to resume. Look out now for a possible strong increase in downwards momentum. The...
by Lara | Apr 16, 2019 | Gold |
More downwards movement was expected and this is exactly what is happening. The Elliott wave count and targets remain the same. All three Elliott wave counts expect more downwards movement at least for the short term. Summary: The downwards trend has resumed. There...
by Lara | Mar 25, 2019 | Gold |
Price remains within the channel on the hourly chart and the flag pattern remains valid. Price has breached the short-term invalidation point on the hourly chart but remains below the invalidation point on the daily chart. Summary: For the short term, a breach of the...
by Lara | Mar 1, 2019 | Gold |
Downwards movement has continued exactly as the preferred Elliott wave count expected for the week. Summary: The long term target is now calculated at 473. Confidence in this target may be had with a new low below 1,160.75. For the short term, expect downwards...
by Lara | Feb 7, 2019 | Gold |
Closure of the last gap is an important signal. This analysis now slightly shifts away from yesterday’s neutral stance. Summary: The last five sessions may be the start of a new downwards trend, or a small pullback within an ongoing upwards trend. Today there is...
