by Lara | Sep 17, 2018 | Gold |
Sideways movement continues as the preferred Elliott wave count expects. Summary: A small Elliott wave triangle looks like it may be very close to completion now for Gold. Look out for a downwards breakout. When price breaks below the lower edge of the triangle trend...
by Lara | Sep 10, 2018 | Gold |
For the short term, the two preferred Elliott wave counts (combination and triangle) expected downwards movement to begin the new trading week. So far that is what is happening. Summary: The trend is down and may not be complete for Gold. Expect some more downwards...
by Lara | Aug 17, 2018 | Gold |
GDX and Gold both continued lower for the week as expected. With Gold now having developed an extreme downwards trend, candlestick reversal patterns may be used as warnings that the trend may either end or be interrupted by a consolidation to relieve extreme...
by Lara | Jul 26, 2018 | Gold |
Downwards movement remains above the invalidation point on the hourly Elliott wave count. Three short term Elliott wave counts are presented today. Summary: This analysis is bullish at the weekly chart level, but it is possible that a new low to about 1,211 may occur...
by Lara | Jul 10, 2018 | Gold |
Some downwards movement for the short term was expected for Tuesday’s session, which is exactly what has happened. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways consolidation to last one to two weeks,...
by Lara | May 28, 2018 | Gold |
With New York closed for Memorial Day, a quiet session saw price move a little lower but remain above the invalidation point on the hourly chart. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and now a cluster of long lower...
by Lara | Apr 21, 2018 | Gold |
Downwards movement continues now as expected and shows an increase in downwards momentum, which was also expected. The target remains the same and looks reasonable. Summary: The target is at 1,306. Do not expect this swing to move in a straight line. There may be one...
by Lara | Apr 2, 2018 | Gold |
A bounce was expected to begin the new week, and this is exactly what has happened. Summary: Expect this downwards swing to continue to support, which is at about 1,310 to 1,305. Do not expect this downwards swing to move in a straight line, because that is not how...
by Lara | Mar 15, 2018 | Gold |
A breach of the channel on the hourly chart indicated more downwards movement was then expected. The target has been adjusted, which is now within a strong support zone. Summary: Look out for another test of support about 1,310 – 1,305. Thereafter, expect the...
