by Lara | Nov 4, 2019 | Gold |
Price remains within the trend lines of a triangle. All three Elliott wave counts remain valid. Summary: For the very short term, a new low below 1,482.52 would add confidence in a more bearish outlook. The target would be at 1,348. For the very short term, a new high...
by Lara | Oct 30, 2019 | Gold |
Price has bounced up off the lower edge of the ascending triangle trend line. The breakout from the triangle is now expected in 10 more sessions. All three Elliott wave counts remain valid. Summary: For the very short term, a new low below 1,481.55 would add...
by Lara | Oct 11, 2019 | Gold |
Again, downwards movement fits the main Elliott wave count best. Also, at the end of the week, volume supports the main Elliott wave count. All three Elliott wave counts remain valid Summary: A new low below 1,456.64 would provide confidence that the downward trend...
by Lara | Oct 8, 2019 | Gold |
The base channel on the main daily Elliott wave count may show were price finds resistance tomorrow. Summary: For the very short term, expect upwards movement tomorrow to continue to resistance at the upper edge of the base channel. If price gets up to resistance,...
by Lara | Sep 19, 2019 | Gold |
A small range day continues a small consolidation pattern. The breakout is still expected in the same direction. Summary: The bounce may be over. A downwards breakout may be imminent. It is also possible but now less likely that the bounce may continue up to about...
by Lara | Sep 16, 2019 | Gold |
A small amount of upwards movement to start the week remains below the short-term invalidation point. Both Elliott wave counts remain valid. Summary: The situation is still unclear for the short term. The bounce may continue up to about 1,529 before the downwards...
by Lara | Aug 28, 2019 | Gold |
Price continues sideways. Targets remain the same. Summary: Sideways movement now looks like a small interruption within an ongoing upwards trend that is very extreme and overbought. If price makes a new high above 1,552.65, then the next target would be at 1,572 A...
by Lara | Aug 24, 2019 | Gold |
For the short term, upwards movement to at least 1,528.20 was expected. The high for Friday at 1,528.68 meets this expectation perfectly. Summary: A classic analysis target using the pennant pattern is at 1,660. Friday broke above the upper edge of the pennant with...
by Lara | Aug 6, 2019 | Gold |
A little more upwards movement fits the bullish wave count better, but both Elliott wave counts remain valid. Support has held. Summary: There remains an upwards trend in place at the weekly chart level. Conditions remain very extreme. This market is still susceptible...
