by Lara | Oct 31, 2017 | Gold |
Price remains above 1,260.72, so both Elliott wave counts remain valid. Volume and On Balance Volume today are giving signals as to what is most likely to happen next to price. Summary: Upwards movement for a third wave should begin now. The first target is at 1,294...
by Lara | Sep 19, 2017 | Gold |
A small inside day sees the target for one of the two Elliott wave counts adjusted. This new target is now closer to the target for the other Elliott wave count. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at...
by Lara | Apr 14, 2017 | GDX, Gold |
Upwards movement continues and price has remained within the upper half of the channel on the hourly chart, which was expected at this stage. Trading advice is given to members to manage long positions towards the end of this week. Summary: In the short term, a...
by Lara | Apr 6, 2017 | Gold |
An upwards breakout was again expected, but price remains range bound. Summary: Look out for strong upwards movement from both Gold and GDX, which may happen during a price shock instigated by the release of Non Farm Payroll data during tomorrow’s session. The...
by Lara | Mar 15, 2017 | Gold |
Price moved strongly higher exactly as the Elliott wave count expected for a third wave up. Targets remain the same. Summary: Reasonable confidence is had today in the Elliott wave count. The structure of this upwards wave is incomplete and for now the invalidation...
by Lara | Mar 13, 2017 | Gold |
Price has moved overall higher as expected from the main hourly Elliott wave count in last analysis. Summary: A little confidence may be had in a trend change, but weak volume and a long upper wick on Monday’s candlestick is concerning. It is possible we may see...
by Lara | Feb 8, 2017 | Gold |
Another upwards day sees the main and alternate Elliott wave counts switched over. What is now the alternate Elliott wave count still remains viable. It illustrates the risk today to trading based upon the main Elliott wave count. Summary: Probability has shifted...
by Lara | Feb 6, 2017 | Gold |
Another upwards day fits the second hourly Elliott wave count. Price is now just above the target range, which was 1,219.11 to 1,233.43. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong...
by Lara | Jan 9, 2017 | Gold, Gold Historical |
Gold has had a trend change. How high this next wave goes and what structure it takes will indicate which Elliott wave count at the monthly chart level may be correct. Summary: Gold is in a new bull trend. In the short term, a downwards correction should be expected...
