by Lara | Jul 19, 2017 | Gold
An inside day completes a doji, as seen on the daily Elliott Wave and Technical Analysis charts. Summary: The target is now at 1,260. Classic technical analysis still offers more support for the main wave count than the alternate. Always use a stop. Invest only 1-5%...
by Lara | Jul 18, 2017 | Gold
Price has overcome resistance at 1,236.50. The target on the alternate Elliott wave count has been reached. Summary: A break above resistance with some support from volume looks bullish. Stronger volume today suggests this upwards movement is not over. The target is...
by Lara | Jul 10, 2017 | Gold
More downwards movement was expected. A lower low and a lower high for Monday fits expectations. Summary: The trend is still most likely down. Profit target is now at 1,183 (measured rule) or 1,160 (Elliott wave). Always use a stop and invest only 1-5% of equity on...
by Lara | Jun 29, 2017 | Gold
Gold remains within the consolidation zone after another day of essentially sideways movement, which was expected. Summary: A downwards breakout from this consolidation may now come within the next 24 hours. A new low now below 1,240.17 would indicate price may be...
by Lara | Jun 28, 2017 | Gold
Last analysis pointed out that Gold price is currently consolidating. A choppy day that moved price slightly higher remains within the consolidation zone. This is mostly what was expected. Summary: Price is consolidating. The Elliott wave count sees intermediate (B)...
by Lara | Feb 17, 2017 | Copper, EURUSD, Public Analysis, Trading Room, USDJPY
Today’s Trading Room looks at USDJPY, EURUSD and Copper. To learn what the Trading Room is about see first Trading Room analysis here. Trading Room will focus on classic technical analysis. Elliott wave analysis will be for support and for targets / invalidation...
by Lara | Nov 14, 2016 | Gold
More downwards movement unfolded as expected. Summary: Some weakness is now seen to this downwards movement. Volume today has declined further and the daily candlestick has a long lower wick. Some sideways / upwards movement may begin here for a few days. If this...
by Lara | Oct 15, 2016 | Gold
A consolidation was expected to continue. Price moved lower within a small range, mostly as expected. Summary: A small triangle may have finished on Friday. The next wave down may be surprisingly short. A target is at 1,230. If this target is wrong, it may be a little...
by Lara | Aug 22, 2016 | Gold
A new low below 1,334.06 invalidated the main Elliott wave count at the hourly chart level, indicating more downwards movement ahead. Summary: Price should move a little lower to complete a five wave impulse. The short term target is at 1,315. If price breaks below...
