by Lara | Jan 17, 2020 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – January 17, 2020 This week a consolidation was expected to continue. A small range week with weak volume overall fits this expectation. Summary: A consolidation to last a Fibonacci 13 sessions (and so end on...
by Lara | Dec 19, 2019 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – December 19, 2019 Sideways movement in a very small range for the last few sessions remains below strong resistance. On Balance Volume is squeezed and should break out very soon. Summary: The downwards trend...
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...
