by Lara | Jul 1, 2017 | Gold |
A breakout from the consolidation was expected for Friday but did not happen. Both Elliott wave counts at the hourly chart level remain valid. Summary: A downwards breakout from this consolidation may now come on Monday or Tuesday. A new low reasonably below 1,237.06...
by Lara | Jun 27, 2017 | Gold |
The main Elliott wave count expected upwards movement. An inside day has closed green. Summary: Price is consolidating. The Elliott wave count sees intermediate (B) continuing as either a flat or triangle. Consolidations do not present good trading opportunities, but...
by Lara | Jun 23, 2017 | Gold |
Upwards movement has continued as the main Elliott wave count expected. Summary: A bounce or a sideways consolidation has begun within the larger downwards trend. With On Balance Volume at resistance, price at resistance, and weak volume for Friday, look out for a...
by Lara | Jun 17, 2017 | Gold |
Upwards movement was limited to no higher than 1,266.43. A small inside day had its high at 1,257.12. Summary: Monday may see price continue sideways for a little bit longer. Thereafter, it should fall. The next wave down may be limited to no longer than 27.23, which...
by Lara | Jun 8, 2017 | Gold |
Downwards movement remained just above the invalidation point on the daily chart. The target is adjusted. Summary: The Elliott wave target for upwards movement to end is now 1,308, just below the classic analysis target at 1,310, giving a $2 range with a reasonable...
by Lara | May 31, 2017 | Gold, Public Analysis |
Downwards movement was expected for Wednesday’s session, but this is not what happened. Summary: A high may again be in place here or very soon indeed. When the new channel on the hourly chart is breached, then confidence may be had in this view. The target is...
by Lara | May 30, 2017 | Gold |
A little upwards movement was expected but price fell $8 short of the target. Summary: The bounce for minor B looks complete. Downwards movement is expected for one to a few weeks. The first weekly chart has a target at 1,141. The second weekly chart has a target...
by Lara | May 27, 2017 | Gold |
An upwards breakout looks to have occurred earlier than expected. Summary: In the short term, a new low below 1,259.61 prior to a new high would add confidence in a trend change back to down. At that stage, the target would be 1,140 although this may be too low. A new...
by Lara | May 25, 2017 | Gold |
Further sideways movement was expected. The consolidation continues. Summary: The breakout may be upwards, but it may be relatively short and brief. Thereafter, a new downwards trend may develop. The consolidation is most likely incomplete. In the short term, a new...
