by Lara | Nov 14, 2019 | Gold |
Bounce was expected to end about 1,472. Price has continued higher to reach 1,473.35 for this session. Summary: This bounce may be over here. If it continues any higher, then it may be for only one more day. It may end about 1,480, where the lower triangle trend line...
by Lara | Oct 23, 2019 | Gold |
There has been no breakout yet. The target from the pennant and the Elliott wave targets remain the same. Summary: A downwards breakout may happen soon. A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be...
by Lara | Oct 1, 2019 | Gold |
The preferred bearish Elliott wave count expected a bounce for the short term up to a target at 1,492. So far some upwards movement for the session has reached 1,485.43. Summary: For the very short term, this bounce may continue a little higher to test resistance at...
by Lara | Sep 9, 2019 | Gold |
Another downwards day overall fits expectations for both Elliott wave counts which expect the same direction next. Summary: For the short term, an upwards swing to about 1,536 may unfold here before downwards movement resumes. The bearish Elliott wave count expects a...
by Lara | Aug 16, 2019 | Gold |
Upwards movement for the week leaves three Elliott wave counts valid. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable distance further, or a trend change may occur at any...
by Lara | Jul 25, 2019 | Gold |
A strong downwards day has push from volume, but price remains above support. All three Elliott wave counts remain valid. Summary: A sharp reversal and bearish candlestick pattern on the daily chart at last week’s high puts the breakout in some doubt. Both...
by Lara | Jul 3, 2019 | Gold |
A small range day remains just below the last high. All Elliott wave counts remain valid. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up strongly from there. The bounce looks strong enough to suggest the back test may...
by Lara | Jun 10, 2019 | Gold |
A strong downwards day indicates the alternate triangle Elliott wave count may be more likely than the main, which differs only for a short-term outlook. The wave counts are switched over today. Summary: Friday’s high may have been the end of cycle wave b...
by Lara | May 17, 2019 | Gold |
Price is now range bound. Two Elliott wave counts are used to map out possible movement and targets after a breakout in either direction. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may be slightly more likely. The target would...