by Lara | Feb 26, 2018 | Gold |
To start the new trading week upwards movement was expected. A higher high and a higher low fits expectations for Monday’s session. Summary: Look for price to continue now in an upwards swing to end above 1,361.46. The target is at 1,375. New updates to this...
by Lara | Feb 5, 2018 | Gold |
Gold continues to be range bound exactly as expected. Summary: This consolidation may continue for another 12 weeks (including this week). It may be choppy and overlapping, or it may be a sharper pullback. Support may be about 1,315 or possibly as low as 1,284....
by Lara | Nov 21, 2017 | Gold |
A little upwards movement fits the second Elliott wave count again quite nicely. This preferred wave count expects some more sideways movement, and then a breakout from the range Gold has been contained in now for some weeks. Summary: Members please note: the second...
by Lara | Nov 18, 2017 | Gold |
All three hourly Elliott wave counts expected upwards movement, which is what happened on Friday. Summary: Price may continue to move sideways in an ever decreasing range for another one to three weeks. An upwards swing may continue here to end about resistance at...
by Lara | Nov 13, 2017 | Gold |
Volume will be relied upon strongly today to judge the next most likely direction for Gold. Summary: An upwards swing is expected to continue here to end about resistance at 1,305 to 1,310. Along the way up, there may be another small sideways movement to last one to...
by Lara | Nov 11, 2017 | Gold |
Downwards movement remains above the invalidation points on the daily charts. Price remains within the consolidation zone which it entered back on the 27th of September. Price does not move in straight lines within consolidations, and Friday’s strong downwards...
by Lara | Nov 9, 2017 | Gold |
Upwards movement continues as expected for this analysis. On Balance Volume today gives an important signal that will be given reasonable weight in this analysis. Summary: On Balance Volume gives a bullish signal today; have confidence now that price should follow...
by Lara | Nov 8, 2017 | Gold |
Upwards movement was expected for both Elliott wave counts. A higher high and a higher low with a green daily candlestick for the session fits expectations. Summary: An upwards swing is expected to continue here to end about resistance at 1,305 to 1,310. Along the way...
by Lara | Oct 26, 2017 | Gold |
Price continued lower changing the Elliott wave count for the short term. Hourly charts today will show all movement from the last swing high on the 16th of October. Summary: While price remains above 1,260.72, this downwards movement could still be a second wave...
