by Lara | Aug 22, 2019 | Gold |
Another small range day continues sideways movement as a pennant pattern unfolds. The target calculated using the flag pole length remains the same. Summary: A classic analysis target using the pennant pattern is at 1,669. The bullish Elliott wave count expects this...
by Lara | Aug 21, 2019 | Gold |
A small range inside day continues a possible pennant pattern. The target calculated from the flag pole remains the same. Summary: Overbought and extreme conditions can return and can continue while price moves a considerable distance further, or a trend change may...
by Lara | Aug 19, 2019 | Gold |
To start the new week downwards movement was expected for both bullish and bearish Elliott wave counts. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable distance further, or...
by Lara | Aug 16, 2019 | Gold |
Upwards movement for the week leaves three Elliott wave counts valid. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable distance further, or a trend change may occur at any...
by Lara | Aug 15, 2019 | Gold |
A small range day has not managed to make a new high. Declining ATR and light volume still suggest some consolidation may unfold here. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a...
by Lara | Aug 13, 2019 | Gold |
The first target given in yesterday’s analysis on the hourly chart was at 1,532. Price reached 1,533.24 and then turned sharply down. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves...
by Lara | Aug 9, 2019 | Gold |
At the end of the week, two small sideways days do not change the overall expectation from both Elliott wave counts. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable...
by Lara | Aug 5, 2019 | Gold |
For the short to mid term, both the main daily chart and the main bullish daily chart expected some more upwards movement. The alternate wave count is today invalidated. Summary: There remains an upwards trend in place at the weekly chart level. Conditions remain very...
by Lara | Jul 31, 2019 | Gold |
Both hourly charts yesterday expected some downwards movement, which is what is happening so far. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a sideways consolidation may continue this week and possibly for...
