by Lara | Nov 25, 2017 | Gold |
Some downwards movement for the very short term was expected by the preferred Elliott wave count. This is exactly what has happened to end the trading week. Summary: Members please note: the second wave count is now strongly preferred. It expects sideways movement to...
by Lara | Oct 12, 2017 | Gold |
Last Elliott wave analysis advised to assume the trend remains the same until proven otherwise. More upwards movement continues the trend, but it is now weakening. Summary: While price remains above 1,284.48 and most importantly within the pink base channel on the...
by Lara | Jul 27, 2017 | Gold |
The target for more upwards movement was 1,277, but it has not been met yet. Price did make a slight new high. Summary: It looks likely that a high may be in place. Have some confidence in this view if the blue channel is breached, and then more confidence if price...
by Lara | May 23, 2017 | Gold |
Sideways or slowly higher movement was expected. Tuesday has completed an outside day and Gold appears to be developing a small trading range with resistance about 1,265 and support about 1,245. Summary: Price is consolidating. Another one to few days of sideways...
by Lara | Feb 16, 2017 | Gold |
Upwards movement for the main Elliott wave hourly chart was expected to reach a target at 1,240. Price moved higher as expected to reach 1,241.99. Summary: The target for a deep pullback is at 1,148. Corrections along the way down present opportunities to join the...
by Lara | Jan 18, 2017 | Gold |
Price has moved lower and remains within the channel drawn on both the hourly and daily Elliott wave charts. Summary: The bottom line is still that it must be accepted there is no indication yet of an end to this upwards wave while Gold remains within the channel and...
by Lara | Dec 9, 2016 | Reference |
The other alternate idea of a leading expanding diagonal published up to yesterday will be discarded based upon a very low probability. Click chart to enlarge. An analysis back to 1997 of the daily chart of first waves and A waves at minor degree* and above reveals 23...
by Lara | Dec 5, 2016 | Gold |
Price whipsawed and crossed both invalidation points for the first two hourly charts. Summary: It looks like Gold is finding a low. Confidence in a trend change would come with a new high above 1,232.48. Double divergence now with RSI strongly indicates a low here or...
by Lara | Nov 11, 2016 | Gold |
A new low below 1,242.87 has invalidated the main Elliott wave count and confirmed the more bearish alternate. There is only one wave count now. Summary: The classic technical analysis is very bearish. Corrections are an opportunity to join the trend. A correction to...