by Lara | Apr 25, 2019 | Gold |
The very short-term expectation from yesterday’s hourly chart was a small bounce, which is what has happened. Summary: The Elliott wave target is at 1,220. The classic analysis target is at 1,217. Risk is just above the upper edge of the base channel on the...
by Lara | Apr 3, 2019 | Gold |
A small amount of upwards movement was expected. Price moved slightly higher. The short-term target remains the same. Summary: For the very short term, a small counter trend bounce may end most likely about 1,301 to 1,305. If price keeps rising through this first...
by Lara | Mar 12, 2019 | Gold |
Price is moving sideways. The Elliott wave counts remain unchanged. Summary: Three long-term targets are now calculated for cycle wave c to end. Confidence in a new downwards trend may be had with a new low below 1,160.75. For the short term, minor wave 2 may now test...
by Lara | Feb 18, 2019 | Gold |
A little upwards movement provides a little short-term clarity. The target is now close by. Summary: The target is at 1,338 to 1,341. Once a trend change is indicated, then a new wave down to last years may be expected to make new lows below 1,046.27. New updates to...
by Lara | Jan 25, 2019 | Gold |
An upwards breakout from a flag pattern was expected. The first Elliott wave target at 1,300 has been met. But the Elliott wave structure is incomplete, so the second target will now be used. Summary: For the short term, a little sideways movement may begin next week....
by Lara | Dec 28, 2018 | Gold |
Updates to analysis throughout the week have expected a continuation of upwards movement towards the target. This is exactly what has happened. Summary: The next target is 1,295. Look out for a possible further increase in upwards momentum towards this target. A...
by Lara | Dec 1, 2018 | Gold |
A small range week leaves all Elliott wave counts valid. The target on the preferred Elliott wave count remains the same. Summary: The upwards trend may now resume. The target remains the same at 1,295. The final target for this bounce to end is about 1,305 –...
by Lara | Nov 8, 2018 | Gold |
A little more downwards movement has unfolded as expected. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at 1,201.14. The consolidation may be unfolding as an Elliott wave triangle; the...
by Lara | Oct 16, 2018 | Gold |
Sideways movement was expected for Tuesday’s session. A small inside day completes as a doji candlestick, which exactly fits expectations. Summary: Some sideways and slightly lower movement may continue for another one to few days; it may reach as low as 1,210,...