by Lara | Jan 16, 2019 | Gold |
Sideways movement continues to complete a small pennant pattern. The Elliott wave count remains the same. Summary: A sideways consolidation is now expected for a fourth wave to continue for another few sessions. It may be very shallow, with support about 1,277 and...
by Lara | Dec 13, 2018 | Gold |
More sideways movement was expected for the very short term. This pattern may now be identified on the daily chart. The measured rule is used to calculate a target. Summary: For the very short term, a small pullback to about 1,235 may continue, lasting about another 3...
by Lara | Nov 21, 2018 | Gold |
Price has moved higher towards the Elliott wave target, which remains the same. Summary: For the very short term, another pullback to about 1,209 may unfold before upwards movement resumes. Wait for the channel on the hourly charts to be breached by clearly downwards...
by Lara | Oct 30, 2018 | Gold |
A little more downwards movement remains within the identified consolidation zone. Summary: A multi week consolidation may continue, which may end about 1,217 and may not move below 1,201.14. With price today very close to support, this may present an entry...
by Lara | Oct 29, 2018 | Gold |
A small downwards swing was expected for the short term to a target about 1,220. Downwards movement for Monday to a low at 1,224.91 fits this expectation fairly well. Summary: A multi week consolidation may continue, which may end about 1,217 and may not move below...
by Lara | Sep 26, 2018 | Gold |
Price remains range bound. Volume analysis is used to indicate the most likely breakout direction. Summary: A small Elliott wave triangle looks like it may be complete for Gold. A downwards breakout is expected to be underway. Further confidence in this may be had if...
by Lara | Sep 4, 2018 | Gold |
Downwards movement was expected this week for Gold, which is exactly what is happening. Summary: Analysis of GDX, which is bearish, supports the combination wave count for Gold; with confidence in the analysis of GDX, the combination wave count has a higher...
by Lara | Aug 13, 2018 | Gold |
A downwards breakout from a Pennant pattern for Gold was expected for this week, which is exactly what has happened. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning December 2016). The target is...
by Lara | Jul 17, 2018 | Gold |
Last analysis presented a new alternate Elliott wave count for the short term that expected downwards movement that should have strength. A bearish signal yesterday from On Balance Volume supported this view, and members were warned in yesterday’s summary that...
