by Lara | Jan 13, 2017 | Gold |
Downwards movement was expected, which is what happened. Friday’s session made a lower high and a lower low, the definition of downwards movement, although the candlestick closed green. Summary: It is reasonably likely now that upwards movement is over for now...
by Lara | Jan 11, 2017 | Gold |
Resistance will be used to see where price may turn. Fibonacci numbers are used for duration and parallel channels are used for confidence in a turn. Summary: If upwards movement continues, it may now be for only one more day; price may find resistance about 1,210. In...
by Lara | Dec 3, 2016 | Gold |
An upwards day was expected for Friday’s session, which is what happened. Summary: A new high above 1,181.36 would provide first confidence in a trend change. A new high above 1,232.48 would add a reasonable level of confidence. The target would be either 1,491...
by Lara | Nov 28, 2016 | Gold |
The main Elliott wave count expected a green daily candlestick for Monday, which is what has happened. Summary: The target for a six month long wave up is 1,500 and some confidence may be had in this if price makes a new high above 1,204.05, and thereafter further...
by Lara | Sep 10, 2016 | Gold |
More downwards movement was expected to 1,333 – 1,330. Friday’s low was 1,327.67. Summary: A little downwards movement to a short term target at 1,319 – 1,322 may begin for Monday. Thereafter, price should turn upwards as an upwards trend develops....
by Lara | Sep 5, 2016 | Gold |
A little upwards movement to about 1,328 was expected for Monday. Price moved higher to 1,328.04. Summary: Look out now for surprises to the upside. In the short term, a spike down to about 1,311 – 1,312 may complete a small pull back. Thereafter, price should...
by Lara | Jul 11, 2016 | Gold |
A five up completed and is being followed by a three down. The daily Elliott wave count and targets remain the same. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect upwards momentum to increase this week. The target for this...
by Lara | Jul 6, 2016 | Gold |
Upwards movement continues as expected for Gold. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect upwards momentum to increase in coming weeks. The target for this third wave to end remains at 1,582. The middle of it may end about...
by Lara | Apr 27, 2016 | Gold, Public Analysis |
Gold remains within a consolidation. The question is: What direction will price break out? On Balance Volume is today giving an indication. Summary: Gold is still range bound. On Balance Volume is today indicating the breakout direction is more likely to be up. It may...
