by Lara | Mar 27, 2017 | Gold |
Downwards movement was expected to start the new trading week, but this is not what happened. Summary: Resistance on On Balance Volume and the 200 day moving average may be enough to turn price here down. In the short term, a new low below 1,252.75 would add a little...
by Lara | Dec 6, 2016 | Gold |
Price has moved sideways to complete a very small inside day. The analysis is essentially unchanged. Summary: It looks like Gold is finding a low. Confidence in a trend change would come with a new high above 1,232.48. Double divergence now with RSI strongly indicates...
by Lara | Sep 13, 2016 | Gold |
Upwards movement was expected for Tuesday’s session but did not happen. Price moved lower but remains above the invalidation point. Summary: Price should turn upwards as an upwards trend develops. Range and volatility are expected to increase. The long term...
by Lara | Jul 28, 2016 | Gold |
A little upwards movement was followed by some downwards movement, exactly as expected. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one trade and always use a stop...
by Lara | Jul 14, 2016 | Gold |
Yesterday’s analysis expected downwards movement. Summary: The trend is still up. A multi day correction against the trend is unfolding and still looks incomplete. A target for it to end is either 1,291 or just below 1,249.94. Volume supports a short term...
by Lara | May 25, 2016 | Gold |
Price continued lower, which is what the wave count expected while price remained within the channel. Summary: A fourth wave correction looks like it may begin here and may last one to three days. The target is at 1,244. The trend at this stage is down and the final...
by Lara | May 2, 2016 | Gold |
Price has moved a little lower after a channel breach of the hourly chart. The long term Elliott wave targets remain the same. Summary: In the short term, a second wave correction, when it is over, may present an opportunity to join the upwards trend. The short term...
by Lara | Apr 9, 2016 | Gold |
A small inside day has not clarified which Elliott wave count is correct. Summary: Downwards movement is most likely but a trend change is unconfirmed. A new low below 1,217.22 would confirm an end to sideways movement and the resumption of the downwards trend. A new...
by Lara | Mar 17, 2016 | Gold, Public Analysis |
A small correction followed by more upwards movement is exactly what was expected. Summary: If price remains above 1,255.66 and makes a new high above 1,266.27, then it would be most likely that a third wave up is underway towards 1,327. Alternatively, a new low below...
