by Lara | Mar 29, 2019 | Gold |
Another downwards day with a lower low and a lower high was expected. Summary: For the very short term, a small counter trend bounce may end about either 1,301 or 1,310. Thereafter, the downwards trend should resume. The Elliott wave target is at 1,220. A target...
by Lara | Mar 7, 2019 | Gold |
Another small range day and a little more downwards movement overall fits the expectations for the Elliott wave counts. 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 13, 2019 | Gold |
An outside day remains range bound. A breakout from this consolidation is required to indicate the next trend. Summary: A new high on an upwards day with support from volume would be a classic upwards breakout. If that happens, then the target is at 1,338. A new low...
by Lara | Jan 22, 2019 | Gold |
Fibonacci ratios are used with the Elliott wave count to calculate targets for a final high. Summary: The first target for upwards movement to end is now at 1,300, which may be met within a very few days. Thereafter, a huge trend change is expected: a new wave down to...
by Lara | Dec 19, 2018 | Gold |
Price continues to behave as the preferred Elliott wave count expects, and the short-term target remains the same. Only three weekly Elliott wave counts remain. Summary: The next target is 1,295. Look out for a possible further increase in upwards momentum and volume...
by Lara | Nov 27, 2018 | Gold |
A continuation of downwards movement was expected for the short term. With the 0.382 Fibonacci ratio passed, the 0.618 Fibonacci ratio is a new target. Summary: For the very short term, this pullback may end about 1,209. Thereafter, the upwards trend may resume. The...
by Lara | Nov 5, 2018 | Gold |
Another small range day fits short-term expectations. All Elliott wave counts remain valid. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at 1,201.14. This week may see a downwards swing...
by Lara | Oct 11, 2018 | Gold |
An upwards day with support from volume breaks above resistance. Resistance zones will be used as targets. Summary: A short term target is about 1,287. Tomorrow may begin with a small sideways consolidation for a fourth wave, then be followed by more upwards movement....
by Lara | Oct 2, 2018 | Gold |
The ascending triangle pattern has not resulted in a clear breakout, so it is discarded. Four Elliott wave counts remain valid. Two hourly charts are provided for members today. Summary: Price is range bound with resistance about 1,220 and support about 1,185....
