by Lara | Aug 30, 2017 | Gold |
Another red daily candlestick has printed as expected, but price continues to move sideways and not lower. Summary: Assume the trend remains the same until proven otherwise. Assume the larger bear market remains intact while price remains below the bear market trend...
by Lara | Jun 19, 2017 | Gold |
A little sideways movement was expected to be followed by more downwards movement. This is mostly what happened, although price did not move any higher first. Summary: Downwards movement in the short term should be limited to 1,229.88. The target is now 1,235, which...
by Lara | May 16, 2017 | Gold |
A new high above 1,236.88 indicated more upwards movement towards a target about 1,245. Price continued only slightly higher so far to reach 1,238.88. Summary: Allow for price to continue higher towards 1,245 while it remains within the channels on the hourly charts....
by Lara | Apr 20, 2017 | Gold |
A small inside day completes and fits expectations for a correction to continue. Summary: The correction is still most likely incomplete. It may continue further for yet another one to few days. Thereafter, the upwards trend should resume. The target for long...
by Lara | Apr 12, 2017 | Gold |
Upwards movement continues as expected. Members have been advised to move stops up now to protect some profit. Profit targets are still the same. A new channel on the hourly chart will be used to manage long positions. Summary: The strongest move is still most likely...
by Lara | Apr 8, 2017 | Gold |
A strong upwards movement was expected on Friday. This is what happened, but then price reversed and retraced almost all of the upwards movement. Summary: On Balance Volume at the daily and possibly also weekly chart levels gives bullish signals for Gold. This should...
by Lara | Apr 4, 2017 | Gold |
The main Elliott wave count expected upwards movement for Tuesday’s session, which is what has happened. Summary: Look out for strong upwards movement from both Gold and GDX, which may happen within the next 24 hours. The target is at 1,333 in the first...
by Lara | Mar 4, 2017 | Gold |
Downwards movement continued as expected for the main Elliott wave count. Summary: If members have profitable short positions opened below 1,248, consider taking profits. Watch how price behaves carefully when markets open on Monday. If the channel on the second...
by Lara | Feb 20, 2017 | Gold |
A lower high and a lower low moved price lower for Monday’s session, which is overall what the main Elliott wave count expected. A public holiday in the USA for Presidents Day saw markets very quiet. Summary: The target for a deep pullback is at 1,148....
