by Lara | Feb 2, 2019 | Gold |
The target remains the same. At the end of this week, a channel and a specific price point are used to indicate a trend change. Summary: The next Elliott wave target is at 1,338. The next classic analysis target is at 1,349. Assume the trend remains the same until...
by Lara | Jan 15, 2019 | Gold |
Both Elliott wave counts expected more sideways movement, which is what has happened. The breakout is expected to be in the same direction from the Elliott wave count and from classic technical analysis of the current pattern. Summary: A sideways consolidation is now...
by Lara | Jan 10, 2019 | Gold |
Overall, sideways movement continues as expected from the Elliott wave counts. Summary: A sideways consolidation is now expected for a fourth wave to last about 2 to 4 weeks. It may be very shallow, with support about 1,277 and resistance about 1,297. At this stage, a...
by Lara | Dec 12, 2018 | Gold |
Sideways movement in a small range fits the short-term expectation from the Elliott wave count. Volume today supports the preferred Elliott wave count. Summary: For the very short term, a small pullback to about 1,235 may continue, lasting about another 3 days....
by Lara | Dec 7, 2018 | Gold |
The short-term target for upwards movement for Friday was 1,250. Price moved higher to reach 1,249.66, just 0.34 short of the target. Summary: For the very short term, a small pullback to about 1,235 may unfold early next week, lasting about 3 to 5 days. Thereafter,...
by Lara | Nov 20, 2018 | Gold |
The main Elliott wave count expected more upwards movement, which is so far what has happened. Summary: For the very short term, another pullback to about 1,209 may unfold before upwards movement resumes. The target for the short term is 1,295. The final target for...
by Lara | Nov 15, 2018 | Gold |
A small range inside day leaves all Elliott wave counts the same. Summary: Reasonable weight is given to yesterday’s candlestick reversal pattern. It looks like a low is now in place. The target for the short term is 1,295. New updates to this analysis are in...
by Lara | Oct 27, 2018 | Gold |
For the mid term, volume and On Balance Volume this week give an important signal. For the short term, Friday’s candlestick gives a contradictory signal. The main Elliott wave count remains the same. Summary: Another multi week consolidation may have begun,...
by Lara | Oct 23, 2018 | Gold |
An upwards breakout from a small Elliott wave triangle or a classic pennant pattern was expected, and this is what has happened. Candlestick analysis is used today to determine if the target remains likely. Summary: A long upper wick today suggests the upwards...
