by Lara | Oct 31, 2017 | Gold |
Price remains above 1,260.72, so both Elliott wave counts remain valid. Volume and On Balance Volume today are giving signals as to what is most likely to happen next to price. Summary: Upwards movement for a third wave should begin now. The first target is at 1,294...
by Lara | Sep 19, 2017 | Gold |
A small inside day sees the target for one of the two Elliott wave counts adjusted. This new target is now closer to the target for the other Elliott wave count. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at...
by Lara | Jul 13, 2017 | Gold |
Price has moved sideways and remains above the invalidation point on the hourly chart. The correction is taking a little longer than expected. Summary: In the short term, a bounce may continue higher for another one or two days now, to end about 1,228 to 1,232. This...
by Lara | Jul 5, 2017 | Gold |
More sideways and upwards movement was expected. An outside day which closed higher fits expectations. Summary: Expect price to continue higher to about 1,233 to 1,237. This may offer a good entry point for a short position. It is strongly recommended that members...
by Lara | Jun 10, 2017 | Gold |
The invalidation point on the daily chart was breached indicating a trend change. Summary: It looks like Gold has had a trend change, but this will not be finally confirmed until price makes a new low below 1,214.81. Because the short side involves reasonable risk it...
by Lara | May 19, 2017 | Gold |
A downwards day, which was expected as most likely, followed the blow off top. Summary: It may be slightly more likely that price may move sideways and slowly higher towards 1,276 (the target may be too high). Alternatively, a high may be in place now and this would...
by Lara | Apr 14, 2017 | GDX, Gold |
Upwards movement continues and price has remained within the upper half of the channel on the hourly chart, which was expected at this stage. Trading advice is given to members to manage long positions towards the end of this week. Summary: In the short term, a...
by Lara | Apr 6, 2017 | Gold |
An upwards breakout was again expected, but price remains range bound. Summary: Look out for strong upwards movement from both Gold and GDX, which may happen during a price shock instigated by the release of Non Farm Payroll data during tomorrow’s session. The...
by Lara | Mar 15, 2017 | Gold |
Price moved strongly higher exactly as the Elliott wave count expected for a third wave up. Targets remain the same. Summary: Reasonable confidence is had today in the Elliott wave count. The structure of this upwards wave is incomplete and for now the invalidation...
