by Lara | Jul 23, 2018 | Gold |
Upwards movement has unfolded for Monday although the candlestick closes red. Upwards movement is what was expected. Summary: It still looks very likely that a low is in place for Gold for the short to mid term. A bounce up now to about 1,307 is expected to last a few...
by Lara | Jul 11, 2018 | Gold |
More downwards movement was expected for Wednesday’s session, which is exactly what happened. Summary: A multi day to multi week consolidation is likely still unfolding. It may be a sideways consolidation to last one to two weeks, remaining below 1,282.20. At...
by Lara | Jul 9, 2018 | Gold |
A small upwards day to just above 1,265 fits expectations for the short term. 1,265 was expected to be about where upwards movement may find resistance. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways...
by Lara | Jul 7, 2018 | Gold |
Sideways movement to end the week fits the short term expectations for the Elliott wave count. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways consolidation to last one to two weeks, remaining below 1,282.20. When...
by Lara | May 29, 2018 | Gold |
A slightly downwards day closes as a doji, and downwards movement remains above the short term invalidation point. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and now a cluster of long lower candlestick wicks, suggest a...
by Lara | May 1, 2018 | Gold |
The target for downwards movement to end, if it continued for one more day, was 1,306. This target has been exceeded by 4.15. Summary: It looks like a low is in place today. Price has closed within support and Stochastics is oversold and exhibits bullish divergence....
by Lara | Apr 30, 2018 | Gold |
The target for a downwards swing to end was about 1,306. Today price moved lower to reach 1,310. Summary: The downwards swing may be over at today’s low. In the first instance, a new high above 1,320.61 would offer confidence a low is in place. Reasonable...
by Lara | Apr 3, 2018 | Gold |
The bounce was expected to be over with one slight new high or at Monday’s high. A downwards swing was expected to continue this week, which is what is happening. Summary: Expect this downwards swing to continue to support, which is at about 1,310 to 1,305. The...
by Lara | Mar 17, 2018 | Gold |
Another test of support about 1,310 to 1,305 was expected. This is what has happened. Summary: Expect the upwards swing to resume, which may be choppy and overlapping. The target at 1,391 may be too high; upwards movement may find strong resistance about 1,365 –...
