by Lara | Jan 23, 2019 | Gold |
Upwards movement was expected. A higher high and a higher low fits the overall expectation. Summary: The first target for upwards movement to end is now at 1,300, which may be met within a very few days. If price keeps rising through the first target, then the next...
by Lara | Dec 20, 2018 | Gold |
Yesterday members of Elliott Wave Gold were given a target for more upwards movement and told to expect a further increase in upwards momentum. The target remains the same, and momentum is increasing exactly as expected. Summary: The next target is 1,295. Look out for...
by Lara | Nov 28, 2018 | Gold |
A pullback was expected to end about 1,209 and then be followed by upwards movement. The pullback has ended at 1,211.24, just 2.24 short of the target. This is now being followed by a strong upwards session. Summary: The upwards trend may now resume. The target...
by Lara | Nov 6, 2018 | Gold |
Price remains within an identified consolidation zone. A new hourly Elliott wave count is considered for the very short-term picture. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at...
by Lara | Oct 12, 2018 | Gold |
A small sideways consolidation was expected to unfold for a fourth wave. This is exactly what is happening. Summary: The sideways consolidation may continue for another one to two days. It may reach as low as 1,210, but should not move below 1,207.78. Thereafter,...
by Lara | Oct 3, 2018 | Gold |
Price remains range bound. On Balance Volume may give a signal in the next very few days. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is an upwards day now that has the strongest volume within the consolidation, suggesting an...
by Lara | Sep 11, 2018 | Gold |
Downwards movement continues to unfold slowly as both Elliott wave counts expect, at least for the short term. Summary: The trend is down and may not be complete for Gold. Expect some more downwards movement this week, although it is possible price may move sideways...
by Lara | Aug 20, 2018 | Gold |
Upwards movement was expected to begin the week for both Gold and GDX. This is exactly what has happened. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning December 2016). The long term target is at...
by Lara | Jul 28, 2018 | Gold |
The main hourly Elliott wave count for Friday expected a new low at least slightly below 1,218.61 but not below 1,212.11. A new low to 1,217.68 fits this expectation very well. The alternate daily Elliott wave count remains valid. Summary: A new high now above...
