by Lara | Oct 8, 2018 | Gold |
Volume analysis still favours the first Elliott wave count. On Balance Volume is watched carefully this week. It may signal which Elliott wave count is most likely. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is still a...
by Lara | Oct 5, 2018 | Gold |
Sideways movement has continued this week. Volume may indicate the most likely breakout direction from the consolidation. On Balance Volume may give a signal next week. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is still a...
by Lara | Sep 13, 2018 | Gold |
A bounce for GDX and sideways movement for Gold were expected. So far both GDX and Gold are meeting expectations. Summary: The trend is down and may not be complete for Gold. Expect some more sideways movement before the trend continues. The target for Gold is now at...
by Lara | Aug 22, 2018 | Gold |
Upwards or sideways movement was again expected for both Gold and GDX. A small doji candlestick that moved price slightly higher on both fits this expectation. Summary: It is again possible for Gold that a low may be in place, but this needs some confirmation with a...
by Lara | Jul 31, 2018 | Gold |
Upwards movement was expected for the main daily Elliott wave count, which today has some support from volume analysis. Summary: A new high now above 1,234.76 would add reasonable confidence that a low is in place, but prior to that it will remain possible that a new...
by Lara | Jul 14, 2018 | Gold |
A little more downwards movement for Friday was not expected. Price still remains well within the allowable range for this small consolidation, for which there are still multiple Elliott wave structures. Summary: A multi day to multi week consolidation is likely still...
by Lara | May 31, 2018 | Gold |
Another upwards day fits expectations, but the technicals are a concern for the very short term. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and now a cluster of long lower candlestick wicks, suggest a low may be in place...
by Lara | May 3, 2018 | Gold |
Upwards movement continues as expected. Summary: It still looks like a low is in place. Price closed within support and Stochastics is oversold and exhibits bullish divergence. Expect an upwards swing at least, and likely an upwards breakout from the consolidation...
by Lara | Apr 24, 2018 | Gold |
Last analysis expected that a small bounce may have begun. A green daily candlestick today fits this expectation exactly. Summary: The target zone for this downwards swing to end is now at 1,306 to 1,302. The bounce which unfolded today may be complete. If it is not...
