by Lara | Dec 5, 2017 | Gold |
A classic triangle pattern was identified in recent analysis. Price has broken downwards out of the pattern today, which was the expected direction. Members were advised on the 28th of November to expect downwards movement. On the 1st of December, members were given...
by Lara | Oct 30, 2017 | Gold |
Both Elliott wave counts were expecting upwards movement to begin the new trading week, which is so far what has happened. There is an important signal from On Balance Volume today, but it is strongly contradicted by volume for Monday’s session. Summary: While...
by Lara | Oct 4, 2017 | Gold, Public Analysis |
All three hourly Elliott wave charts published yesterday expected at least some upwards movement. So far that is what has happened. Classic analysis will be used today to judge which of the three scenarios looks most likely. Summary: Assume the trend remains down...
by Lara | Sep 28, 2017 | Gold |
Last analysis allowed for more downwards movement. Summary: The bigger picture reverts to seeing a pullback continue here to about 1,261. It may be as low as 1,170 – 1,158. Look out for a short term bounce. It may find resistance about the upper edge of the pink...
by Lara | Sep 18, 2017 | Gold |
With price closing below a long term bear market trend line, the analysis is today again changed. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at 1,300 to 1,297. This downwards swing may go as low as 1,170 to...
by Lara | Aug 28, 2017 | Gold, Gold Historical |
Upwards movement was expected to continue to a target at 1,317. Price has reached 5.03 above the target. Summary: Assume the trend remains the same until proven otherwise. Assume the larger bear market remains intact while price remains below the bear market trend...
by Lara | Jul 15, 2017 | Gold |
For Friday a bounce was expected to continue to about 1,228 to 1,232. Price bounced exactly as expected to reach a high of 1,231.73. Summary: The bounce is over here, or it may be over on Monday with a very little more upwards movement. If price does move higher, it...
by Lara | Jun 26, 2017 | Gold |
A downwards reaction was expected for Monday, which is exactly what has happened. Summary: The main wave count now expects upwards movement for at least one session to 1,262 – 1,265. A new high above 1,254.66 would add substantial confidence to this target zone....
by Lara | May 17, 2017 | Gold, Public Analysis |
Price remained within channels and continued higher. Today’s strong upwards session with heavy volume looks like a blowoff top. Summary: It looks like a blow off top may have ended upwards movement today. However, price remains within the best fit channels....
