by Lara | Oct 18, 2017 | Gold |
Further downwards movement continued as the last analysis expected. Summary: The pullback may be over. A clear breach of the channel on the hourly charts by upwards movement would give confidence that a low is in place. At that stage, long positions would have...
by Lara | Oct 9, 2017 | Gold |
Last Elliott wave analysis expected upwards movement from Gold to begin the new week, which is exactly what has happened. Summary: For the very short term, look out for a small pullback to about 1,277 – 1,275. Thereafter, look for the new upwards trend to...
by Lara | Sep 7, 2017 | Gold |
Upwards movement continues exactly as expected. The target remains the same. Summary: The trend is upwards. All trades always should be with the trend. Be prepared to exit long positions soon, either at the target or if price moves strongly down back into the base...
by Lara | May 30, 2017 | Gold |
A little upwards movement was expected but price fell $8 short of the target. Summary: The bounce for minor B looks complete. Downwards movement is expected for one to a few weeks. The first weekly chart has a target at 1,141. The second weekly chart has a target...
by Lara | May 8, 2017 | Gold |
The target, which has not been met, remains the same. Summary: The target is still 1,214. If this is wrong, it may be too low because price is at strong support and On Balance Volume is at support at the weekly and daily chart levels. Look out for a bounce to begin...
by Lara | Mar 10, 2017 | Gold |
Price moved into the target zone, which was 1,197 to 1,192, and then turned upwards to print a green daily candlestick. Summary: Allow for the possibility of new lows while price remains within the channel. The next target is now at 1,193 – 1,192. If the...
by Lara | Dec 8, 2016 | Gold |
Sideways movement was expected. In the short term, some downwards movement within a consolidation was expected for the session, and this is what has happened. Summary: At this stage, it looks more likely that Gold is within a sideways consolidation that may last a...
by Lara | Dec 7, 2016 | Gold |
Price has moved higher to complete a green daily candlestick, as expected for the main Elliott wave count, but so far it is concerning that volume has not supported this movement. Summary: At this stage, it looks more likely that Gold has just begun a sideways...
by Lara | Sep 12, 2016 | Gold |
A little more downwards movement was expected for Monday to a small target zone at 1,319 – 1,322. The low for Monday is at 1,320.94, right in the target zone. Summary: Price should turn upwards as an upwards trend develops. Range and volatility are expected to...