by Lara | Oct 18, 2019 | Gold |
A small range inside week leaves all three Elliott wave counts valid. At the end of the week, a classic pennant pattern looks to be forming. The flag pole is used to calculate a target. Summary: A downwards breakout may happen next week. A new low below 1,456.64 would...
by Lara | Sep 26, 2019 | Gold |
More downwards movement was expected. Price has moved very slightly lower to complete a small range day, which remains well below the short-term invalidation point. Summary: A short-term target may now be at 1,464 or 1,420. A classic analysis target using the flag...
by Lara | Sep 4, 2019 | Gold |
A small range upwards day has failed to close above resistance and exhibits a decline in volume. Three Elliott wave counts now remain valid. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend remains...
by Lara | Aug 13, 2019 | Gold |
The first target given in yesterday’s analysis on the hourly chart was at 1,532. Price reached 1,533.24 and then turned sharply down. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves...
by Lara | Jul 22, 2019 | Gold |
A very small range inside day leaves the Elliott wave counts unchanged. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish case has some...
by Lara | Jun 27, 2019 | Gold |
More downwards movement fits the short-term expectation for both Elliott wave counts. Summary: A high may now be in place earlier than expected for the bearish Elliott wave count. Price may continue higher towards 1,565 for the bullish Elliott wave count. A new low by...
by Lara | Jun 5, 2019 | Gold |
A sharp upwards spike completes a strong candlestick pattern today, which suggests the next direction for at least a few days. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up, one more small multi day...
by Lara | May 14, 2019 | Gold |
More upwards movement was expected. The last daily candlestick makes a higher high and a higher low, which fits this expectation. Summary: There is strength in this upwards movement. The Elliott wave count now expects it to continue to end slightly above 1,346.45 in a...
by Lara | Apr 22, 2019 | Gold |
A small range upwards day moves price higher, but the candlestick closed red. Overall, this fits the Elliott wave count. Summary: For the very short term, a small bounce may end about 1,286. Look for resistance at the neckline of a possible Head and Shoulders pattern...
