by Lara | Apr 8, 2019 | Gold |
A counter trend bounce was expected to end most likely about 1,297 to 1,301. The high for Monday is at 1,303.15, just slightly above the target range. Summary: The downwards trend may now have resumed. A new low below 1,293.90 now would provide confidence that this...
by Lara | Mar 15, 2019 | Gold |
Price remains below the invalidation point and the channel on the daily chart. The Elliott wave count remains the same. 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...
by Lara | Feb 21, 2019 | Gold |
The first point looked for to give confidence in the Elliott wave count is now seen in a candlestick reversal pattern. Today completes an Evening Star on the daily chart for Gold. Summary: Today’s Evening Star reversal pattern indicates a high may be in place....
by Lara | Jan 30, 2019 | Gold |
The second target was met and price kept rising. The third and final target may now be used. Summary: The next Elliott wave target is at 1,338. The next classic analysis target is at 1,349. Assume the trend remains the same until proven otherwise. For confidence in a...
by Lara | Jan 8, 2019 | Gold |
Some downwards movement was expected, which is what has happened. Summary: A sideways consolidation is now expected for a fourth wave to last about 2 to 4 weeks. It may find support about 1,259 and resistance about 1,300. The final target for this bounce to end is...
by Lara | Dec 5, 2018 | Gold |
A little downwards movement was expected to a short-term Elliott wave target about 1,232. Downwards movement for the session reached 1,233.44, just 1.44 short of the target. Summary: The upwards trend may resume. The mid-term target remains the same at 1,295. For the...
by Lara | Nov 13, 2018 | Gold |
More downwards movement was expected. Summary: Look for next support about 1,183. Classic analysis still favours the Combination wave count. A doji candlestick today puts the trend from down into neutral for the time being. Tomorrow’s candlestick will be...
by Lara | Oct 20, 2018 | Gold |
Sideways movement continued at the end of the week, which is what the short term expectation was for the Elliott wave count. Summary: A fourth wave consolidation may end next week; it may reach as low as 1,210, but should not move below 1,207.78. Thereafter, upwards...
by Lara | Sep 18, 2018 | Gold |
A small doji candlestick continues sideways movement. The expected direction for the breakout from this small consolidation is still the same. Summary: A small Elliott wave triangle looks like it may be very close to completion now for Gold. Look out for a downwards...
