by Lara | Mar 27, 2019 | Gold |
For the short term, a little more upwards movement was expected to unfold. A close today below the channel on the daily chart after some downwards movement shifts this view. Summary: The downwards trend may have resumed. Strong confidence in this view may be had if...
by Lara | Mar 5, 2019 | Gold |
Price continues lower as the Elliott wave counts expect. Today volume and ATR suggest this may end soon. Resistance is identified for a potential bounce. Summary: Three long-term targets are now calculated for cycle wave c to end. Confidence in a new downwards trend...
by Lara | Feb 11, 2019 | Gold |
Price remains within the consolidation zone. While strong support holds, the preferred Elliott wave count will remain at a critical juncture. Summary: A new high on an upwards day with support from volume would be a classic upwards breakout. If that happens, then the...
by Lara | Jan 18, 2019 | Gold |
A downwards day remains within the consolidation zone. The Elliott wave count remains valid. Summary: A sideways consolidation is now expected for a fourth wave to end next week. It may be very shallow, with support about 1,277 and resistance about 1,297. The breakout...
by Lara | Dec 17, 2018 | Gold |
Upwards movement has continued for Monday exactly as expected. The Elliott wave target remains the same. Summary: The mid-term target is 1,295. The final target for this bounce to end is about 1,305 – 1,310. New updates to this analysis are in bold. Grand...
by Lara | Nov 23, 2018 | Gold |
For the very short term, some downwards movement was expected, which is what has happened at the end of the week. 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...
by Lara | Nov 1, 2018 | Gold |
Upwards movement was expected for Thursday. This is exactly what has happened. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at 1,201.14. For the short term, now expect the current upwards...
by Lara | Oct 9, 2018 | Gold |
A small inside day fits the preferred Elliott wave count. Price remains range bound. Volume still indicates the same expected breakout direction. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is still a downwards day that has...
by Lara | Sep 29, 2018 | Gold |
After a five down from an Elliott wave triangle, a three up was expected to develop. This is what happened on Friday. Summary: There are at this time multiple alternate wave counts because of the expectation that a cycle degree b wave is unfolding. At this time, it...
