by Lara | Sep 25, 2018 | Gold
Another small range inside day sees the Elliott wave counts very slightly adjusted, but this makes little difference to the short term expectation and no difference to the mid or long term expectation. The breakout direction is still expected to be the same. Summary:...
by Lara | Sep 20, 2018 | Gold |
Price remains range bound. A breakout should come tomorrow or early next week. On Balance Volume shall be watched carefully; it may give a signal prior to a breakout. Summary: A small Elliott wave triangle looks like it may be very close to completion now for Gold....
by Lara | Sep 3, 2018 | Gold |
With New York closed because of Labor Day, the markets were quiet. A very small range day closes as a small inside doji candlestick, which does not alter this analysis. Summary: Analysis of GDX, which is bearish, supports the combination wave count for Gold; with...
by Lara | Aug 29, 2018 | Gold |
For GDX the target remains the same and resistance continues to hold as expected. Summary: It is again possible for Gold that a low may be in place, but this needs some confirmation with a new high above 1,216.30. While price remains below 1,216.30, it is possible...
by Lara | Aug 11, 2018 | Gold |
The short term Elliott wave structure and strong volume for Friday indicate the direction for next week. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning December 2016). The target is at 16.10. The...
by Lara | Aug 7, 2018 | Gold |
Another inside day completes a Shooting Star candlestick pattern. The implications of this pattern today are evaluated in context of recent price movement. Members’ attention today is directed to the long term picture for GDX, which is significant for this...
by Lara | Jul 21, 2018 | Gold |
Technical analysis at the end of this week focuses on candlestick patterns along with a very few key indicators. A strong pattern at the end of the week suggests the direction for next week for Gold. Summary: It looks very likely that a low is in place for Gold for...
by Lara | Jun 13, 2018 | Gold |
An outside day closes green, and the balance of volume is upwards. This fits expectations for the main Elliott wave count. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics suggest a low may be in place here or very soon. If...
by Lara | Jun 7, 2018 | Gold |
Upwards movement continues as the main Elliott wave count expects. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics suggest a low may be in place here or very soon. There is a breach of the channel about the last downwards...
