by Lara | Oct 18, 2019 | Gold |
A small range inside week leaves all three Elliott wave counts valid. At the end of the week, a classic pennant pattern looks to be forming. The flag pole is used to calculate a target. Summary: A downwards breakout may happen next week. A new low below 1,456.64 would...
by Lara | Oct 16, 2019 | Gold |
Price remains range bound. All three daily Elliott wave counts remain valid. Today the bearish alternate wave count is relabelled for better proportion. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term...
by Lara | Oct 10, 2019 | Gold |
Downwards movement fits the main Elliott wave count best. All three daily Elliott wave charts remain valid. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be at 1,420. A new high above 1,534.62...
by Lara | Oct 7, 2019 | Gold |
Price remains range bound. All three daily Elliott wave counts remain valid. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be at 1,420. A new high above 1,534.62 would add confidence to a more...
by Lara | Oct 4, 2019 | Gold |
Downwards movement for Friday was weak. A new alternate bearish Elliott wave count is developed today that expects Gold and Silver to move together. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target...
by Lara | Oct 2, 2019 | Gold |
A little more upwards movement for the very short term was expected to about 1,492. Upwards movement did continue but more than expected, reaching 1,504.08. Price remains below invalidation points. Summary: The downwards trend may resume. The next short-term target...
by Lara | Oct 1, 2019 | Gold |
The preferred bearish Elliott wave count expected a bounce for the short term up to a target at 1,492. So far some upwards movement for the session has reached 1,485.43. Summary: For the very short term, this bounce may continue a little higher to test resistance at...
by Lara | Sep 30, 2019 | Gold |
Overall, both Elliott wave counts have expected downwards movement. The first short-term target at 1,464 has almost been met with a low today at 1,465.83. Summary: The next short-term target may now be at 1,420. A classic analysis target using the flag pattern is at...
by Lara | Sep 26, 2019 | Gold |
More downwards movement was expected. Price has moved very slightly lower to complete a small range day, which remains well below the short-term invalidation point. Summary: A short-term target may now be at 1,464 or 1,420. A classic analysis target using the flag...
