by Lara | May 30, 2018 | Gold |
Yesterday’s signal from On Balance Volume that caused concern for the main Elliott wave count is now negated. The main Elliott wave count has support from classic technical analysis. Summary: The target is now 1,411. Triple bullish divergence between price and...
by Lara | Apr 23, 2018 | Gold |
Downwards movement was expected to continue with strong momentum. This is exactly what has happened. Summary: The target for this downwards swing to end is still 1,306. Along the way down, there may be another multi day bounce that should remain below 1,333.84. It may...
by Lara | Apr 4, 2018 | Gold |
A downwards swing was expected to continue. Members were warned that within this consolidation price should not be expected to move in a straight line. The whipsaw today is a good illustration of risk within consolidations. Summary: Expect this downwards swing to...
by Lara | Feb 27, 2018 | Gold |
Upwards movement was expected to continue, but members were warned that when price is within a consolidation it does not move in a straight line. Strong downwards movement today remains above support. Summary: Look for this downwards swing to end about 1,310 –...
by Lara | Feb 6, 2018 | Gold |
Price reacted downwards off the trend channel on the hourly charts and has bounced up from support at the lower edge. Summary: Assume resistance and support at the trend channel for the short term. If price breaks above the upper edge, look for a strong bounce. The...
by Lara | Jan 17, 2018 | Gold, Gold Historical |
Again, price has moved lower as the main wave count expected it to. A breach of the channel adds a little confidence, but the confidence price point has not yet been passed. Alternates should still be considered. Summary: The main wave count expects a trend change to...
by Lara | Jan 16, 2018 | Gold |
Price has moved lower as the main wave count has expected, but it has still not broken out of the channel nor passed the confidence point. Alternates are still considered. Summary: The main wave count expects a trend change to a new bear market to last one to several...