by Lara | Aug 1, 2019 | Gold |
The last two sessions have seen price whipsaw within a consolidation zone. Today On Balance Volume gives a reasonable signal. All Elliott wave counts remain valid. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a...
by Lara | Jul 15, 2019 | Gold |
A small range day remains within the trend lines of the pennant pattern. The target remains the same. The breakout is expected within the next one to two sessions. Summary: After the breakout from multi year resistance on 20th June, price has curved around to back...
by Lara | Jul 10, 2019 | Gold |
Price remains range bound. A breakout is expected shortly. Elliott wave counts provide targets. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and back test support about 1,360 to 1,375. That test of...
by Lara | Jun 20, 2019 | Gold |
Today Gold may be in the process of a classic upwards breakout from a multi-year consolidation. If this session closes above 1,374.91 (the July 2016 high) on an upwards day with support from volume, then have confidence in the breakout. Today I have three Elliott wave...
by Lara | Jun 17, 2019 | Gold |
A small range day with a long lower wick moves price a little lower. Downwards movement overall was expected from the main Elliott wave count. Summary: A high may now be in place for Gold. A new target is at 1,014. Thereafter, if price keeps falling, the next target...
by Lara | May 29, 2019 | Gold |
Price continues to move sideways. The short-term structure fits the main hourly Elliott wave count best. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout this week may still be more likely. The target would then be at 1,219 (which...
by Lara | May 25, 2019 | Gold |
Price remains range bound at the end of the week after moving mostly sideways. All Elliott wave counts remain valid. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout next week may still be more likely. The target would then be at...
by Lara | May 7, 2019 | Gold |
The bounce was expected to continue for Tuesday’s session, which is what has happened. Summary: For the short term, look for a bounce to possibly end about 1,289. Use the channels on the daily chart to show where price may find resistance. Thereafter, expect the...
by Lara | May 2, 2019 | Gold |
Downwards movement continues as expected from all three Elliott wave counts. Targets remain the same. Summary: Expect the downwards trend to resume. The mid-term Elliott wave target is at 1,220. The classic analysis target is at 1,217. Risk is just above the upper...
