by Lara | Dec 21, 2018 | Gold |
A small inside day for Friday leaves the Elliott wave count unchanged. The target remains the same. Summary: The next target is 1,295. Look out for a possible further increase in upwards momentum towards this target. A relatively small blow off top may occur in coming...
by Lara | Nov 29, 2018 | Gold |
Upwards movement was expected to resume for Thursday’s session, which is what has happened. Summary: The upwards trend may now resume. The target remains the same at 1,295. The final target for this bounce to end is about 1,305 – 1,310. New updates to this...
by Lara | Nov 7, 2018 | Gold |
A little downwards movement within a consolidation was expected to continue for Wednesday. So far price is behaving as expected this week. The breakout direction is still expected to be the same. Summary: A multi-week consolidation may continue, which may not move...
by Lara | Oct 15, 2018 | Gold |
Upwards movement has continued, which was allowed for in the main Elliott wave count. Volume and candlestick analysis are used today to indicate the most likely short term Elliott wave count. Summary: Upwards movement today has substantially weaker volume and a long...
by Lara | Oct 4, 2018 | Gold |
Price remains within a consolidation zone. On Balance Volume still has not given a signal. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is an upwards day now that has the strongest volume within the consolidation, suggesting an...
by Lara | Sep 12, 2018 | Gold |
Sideways movement continues within a small range. Within this range, volume and On Balance Volume may assist to indicate the most likely breakout direction. GDX is bouncing exactly as expected. Some specific advice on what to look out for today is given to members...
by Lara | Aug 21, 2018 | Gold |
Today more upwards movement was expected for Gold and either upwards or sideways movement for GDX. With Gold moving slowly higher and GDX moving slightly higher, this is exactly what has happened. Summary: With support from volume, GDX has effected a downwards...
by Lara | Jul 30, 2018 | Gold |
The main Elliott wave count expected upwards movement. A small upwards day fits this expectation. Price remains above the invalidation point and within a small consolidation zone. Summary: A new high now above 1,234.76 would add reasonable confidence that a low is in...
by Lara | Jul 12, 2018 | Gold |
A little more downwards movement towards the Elliott wave target at 1,238 was expected. Price did make a slight new low, but fell short of the target by $3.40. Thereafter, a breach of the channel on the hourly chart indicated a low was likely in place for the short...
