by Lara | Aug 14, 2019 | Gold |
An inside day leaves both bullish and bearish Elliott wave counts the same. A new short-term hourly chart is provided. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable...
by Lara | Jul 23, 2019 | Gold |
Another small range day remains above support. Both Elliott wave counts remain valid. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish...
by Lara | Jun 28, 2019 | Gold |
Price remains below the invalidation point on the preferred hourly Elliott wave chart. At the end of this week, volume suggests the direction for next week. Summary: A high may now be in place earlier than expected for the bearish Elliott wave count. Price may...
by Lara | Jun 6, 2019 | Gold |
An inside day with relatively weak volume fits the expectations for some consolidation after a blow off top. The final target zone remains the same. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up, one more small...
by Lara | May 15, 2019 | Gold |
The very short-term expectation at the hourly chart level was for some sideways movement. A slight lower low and lower high overall fits the expectation. Summary: There is strength in this upwards movement. The Elliott wave count now expects it to continue to end...
by Lara | Apr 23, 2019 | Gold |
Downwards movement continues. The Elliott wave target remains the same and is just $3 off a target calculated from the Head and Shoulders pattern. Summary: The Elliott wave target is at 1,220. The classic analysis target is at 1,217. Risk is just above the upper edge...
by Lara | Apr 1, 2019 | Gold |
A small range day leaves the Elliott wave count essentially the same. The target calculated using Elliott wave and Fibonacci ratios, and the target calculated using the last flag pattern, both remain the same. Summary: For the very short term, a small counter trend...
by Lara | Mar 9, 2019 | Gold, Gold Historical |
Upwards movement on Friday indicates the first wave down is complete. Fibonacci ratios are used to calculate targets. Summary: Three long-term targets are now calculated for cycle wave c to end. Confidence in a new downwards trend may be had with a new low below...
by Lara | Feb 14, 2019 | Gold |
Price remains range bound and strong support continues to hold. Price points for support and resistance are identified. A breakout is required for confidence in the next trend. Summary: A new high on an upwards day with support from volume would be a classic upwards...
