by Lara | Nov 7, 2019 | Gold |
Today’s Stockcharts data shows a downwards breakout from the triangle. The targets remain the same. Summary: The Elliott wave target is at 1,348. A target calculated from the adjusted triangle is about 1,431. For the very short term, a new high above 1,516.65...
by Lara | Oct 16, 2019 | Gold |
Price remains range bound. All three daily Elliott wave counts remain valid. Today the bearish alternate wave count is relabelled for better proportion. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term...
by Lara | Sep 24, 2019 | Gold |
A bounce was expected to continue up to about 1,529. The high for this session was at 1,534.62. Summary: The bounce may continue a little higher to about 1,538 before the downwards trend resumes. The bearish Elliott wave count expects a new downwards trend to last one...
by Lara | Sep 2, 2019 | Gold |
A very small range day while New York is on holiday leaves both Elliott wave counts unchanged. Summary: It looks increasingly likely that a major high may be in place. The upwards trend reached very extreme and overbought, and there are now candlestick reversal...
by Lara | Aug 9, 2019 | Gold |
At the end of the week, two small sideways days do not change the overall expectation from both Elliott wave counts. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable...
by Lara | Jun 25, 2019 | Gold |
The bullish and bearish Elliott wave counts now may diverge. A clear price point differentiates the two ideas. Summary: A high may now be in place earlier than expected for the bearish Elliott wave count. Price may continue higher towards 1,565 for the bullish Elliott...
by Lara | Jun 3, 2019 | Gold |
Upwards movement was expected to continue, which is exactly what has happened. A new high above 1,311.40 early in the session added confidence to this expectation. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up,...
by Lara | May 10, 2019 | Gold |
A small range upwards week remains within the channel and below the invalidation point. The Elliott wave counts remain the same, and all expect the same direction next week. Summary: Expect the downwards trend to resume. Look out now for a possible strong increase in...
by Lara | Apr 18, 2019 | Gold
Price moves lower as expected. Today On Balance Volume gives a strong signal, which supports the Elliott wave count. Summary: The downwards trend has resumed. There will be bounces and consolidations along the way down. Downwards momentum may now show some increase,...
