by Lara | Sep 24, 2019 | Gold |
A bounce was expected to continue up to about 1,529. The high for this session was at 1,534.62. Summary: The bounce may continue a little higher to about 1,538 before the downwards trend resumes. The bearish Elliott wave count expects a new downwards trend to last one...
by Lara | Sep 18, 2019 | Gold |
Last analysis expected a little more upwards movement. An outside day sees price remain range bound. Summary: The bounce may be over. A downwards breakout may be imminent. It is also possible but now less likely that the bounce may continue up to about 1,529 before...
by Lara | Sep 13, 2019 | Gold |
Gold has moved lower for this last week, which was overall what was expected from both Elliott wave counts. The price point which differentiates the bull and bear Elliott wave counts remains the same. Summary: The situation is still unclear for the short term. The...
by Lara | Sep 12, 2019 | Gold |
A new high above 1,503.29 indicated a short-term bounce. The high for the session thereafter was reached at 1,521.27. Summary: The situation is unclear for the short term. The bounce may continue up to about 1,529 before the downwards trend resumes, or price may...
by Lara | Sep 10, 2019 | Gold |
An upwards swing was expected for the short term, but price continues to fall. Overall, both Elliott wave counts have expected downwards movement this week. Summary: For the short term, while price remains within the best fit channel and below 1,503.29, it is safest...
by Lara | Sep 9, 2019 | Gold |
Another downwards day overall fits expectations for both Elliott wave counts which expect the same direction next. Summary: For the short term, an upwards swing to about 1,536 may unfold here before downwards movement resumes. The bearish Elliott wave count expects a...
by Lara | Sep 4, 2019 | Gold |
A small range upwards day has failed to close above resistance and exhibits a decline in volume. Three Elliott wave counts now remain valid. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend remains...
by Lara | Sep 2, 2019 | Gold |
A very small range day while New York is on holiday leaves both Elliott wave counts unchanged. Summary: It looks increasingly likely that a major high may be in place. The upwards trend reached very extreme and overbought, and there are now candlestick reversal...
by Lara | Aug 27, 2019 | Gold |
All three Elliott wave counts remain the same. Summary: Increasing bearishness in classic analysis suggests the risk of at least a short-term high is very high. Look out here for either a trend change or another consolidation/pullback to last several sessions. A...
