by Lara | Nov 13, 2019 | Gold
In yesterday’s analysis members were warned to look for a small bounce to about 1,472 for the short term. A small range upwards day with a high at 1,466.29 fits this expectation. Summary: For the very short term, look out for this small bounce to end about 1,472...
by Lara | Oct 22, 2019 | Gold
Another small range day with light volume sees all three Elliott wave counts remain valid. Today the pennant has lasted 15 sessions, so tomorrow may see a breakout. Summary: A downwards breakout may happen tomorrow. A new low below 1,456.64 would provide confidence...
by Lara | Sep 30, 2019 | Gold
Overall, both Elliott wave counts have expected downwards movement. The first short-term target at 1,464 has almost been met with a low today at 1,465.83. Summary: The next short-term target may now be at 1,420. A classic analysis target using the flag pattern is at...
by Lara | Aug 15, 2019 | Gold
A small range day has not managed to make a new high. Declining ATR and light volume still suggest some consolidation may unfold here. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a...
by Lara | Jul 24, 2019 | Gold
All three Elliott wave counts remain valid while price remains above 1,346.45. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish case has...
by Lara | Jul 2, 2019 | Gold
The last high remains in place. All three Elliott wave counts at the daily chart level remain valid. Classic technical analysis favours the alternate Elliott wave count. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up...
by Lara | Jun 7, 2019 | Gold
A new high above 1,346.45 was expected for the main Elliott wave count, although some further consolidation was expected first. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up, one more small multi day...
by Lara | May 16, 2019 | Gold
Two main Elliott wave counts are published today. Confidence and invalidation points will be used to indicate which is correct. Summary: The main view today remains bullish. A mid-term target is now at 1,324 where a consolidation within the new upwards trend may...
