by Lara | Sep 28, 2017 | Gold
Last analysis (which was just a few hours ago) expected a short term bounce. So far price has moved sideways and very slightly higher. Summary: The bigger picture sees a pullback continue here to about 1,261. It may be as low as 1,170 – 1,158. Look out for a...
by Lara | Sep 25, 2017 | Gold
Price has moved strongly higher breaking out of the channel which contained prior downwards movement. Summary: Gold has most likely had a trend change. The target for upwards movement is either about 1,330 (second wave count) or possibly as high as 1,440 (first wave...
by Lara | Apr 25, 2017 | Gold
A pullback has continued lower to test support at prior resistance, which is typical price behaviour. Volume will be used to indicate what is most likely to happen next. Summary: A decline in volume today and price at support suggests an upwards day tomorrow. Long...
by Lara | Apr 17, 2017 | Gold
A shallow consolidation was expected for Friday and Monday. Monday completes a doji, which is essentially sideways movement, as expected. Summary: In the short term, a shallow consolidation may unfold for Friday and Monday while NYSE is closed for Easter. Thereafter,...
by Lara | Apr 8, 2017 | Gold
A strong upwards movement was expected on Friday. This is what happened, but then price reversed and retraced almost all of the upwards movement. Summary: On Balance Volume at the daily and possibly also weekly chart levels gives bullish signals for Gold. This should...
by Lara | Mar 23, 2017 | Gold
A slight new high was not expected but was allowed for. Thereafter, price has turned downwards to breach the channel on the hourly chart. Summary: Another pullback looks most likely to have begun today. The target is about 1,217; but if this is wrong, it may be too...
by Lara | Mar 22, 2017 | Gold
The target was at 1,253. So far price has reached 1,251.21, just 1.79 short of the target. Summary: A Gravestone Doji on BarChart data, a decline in volume, overbought Stochastics, and a complete five wave structure for the Elliott wave count all point today to this...
by Lara | Mar 21, 2017 | Gold
A fourth wave correction ended right at the lower edge of the Elliott channel and from there price bounced up to make new highs for a fifth wave. Summary: Assume the trend remains the same until proven otherwise. Assume price will keep going up while price remains...
by Lara | Mar 18, 2017 | Gold
Sideways movement was expected for Friday. An inside day perfectly fits expectations. Summary: A small fourth wave correction may now continue sideways over another one to few days and should remain above 1,211.06. When the correction is complete, then a target for...
