by Lara | Jul 30, 2019 | Gold |
Currently, price is bound by support and resistance. The preferred Elliott wave count sees this consolidation as a B wave that is incomplete. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a sideways consolidation...
by Lara | Jul 27, 2019 | Gold, Gold Historical |
At the end of this week, it is time to review monthly charts for Gold. Three Elliott wave counts are published for monthly charts. Summary: There remains an upwards trend in place at the weekly chart level. This week looks like a counter trend movement. However, the...
by Lara | Jul 25, 2019 | Gold |
A strong downwards day has push from volume, but price remains above support. All three Elliott wave counts remain valid. Summary: A sharp reversal and bearish candlestick pattern on the daily chart at last week’s high puts the breakout in some doubt. Both...
by Lara | Jul 24, 2019 | Gold |
All three Elliott wave counts remain valid while price remains above 1,346.45. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish case has...
by Lara | Jul 22, 2019 | Gold |
A very small range inside day leaves the Elliott wave counts unchanged. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish case has some...
by Lara | Jul 12, 2019 | Gold |
A pennant pattern may be completing on the daily chart. A target is calculated from the flag pole. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and back test support about 1,360 to 1,375. That test...
by Lara | Jul 9, 2019 | Gold |
Another small range day moves price mostly sideways. After a highly significant breakout, a pullback or consolidation was expected to test support. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and...
by Lara | Jul 8, 2019 | Gold |
A small range inside day leaves all three Elliott wave counts valid. Summary: A strong downwards day for Friday with a strong push from volume suggests the back test may be incomplete (or the bearish Elliott wave count may be correct). Look out now for another test of...
by Lara | Jul 4, 2019 | Gold |
Another small range day while New York is closed for the 4th of July leaves the Elliott wave counts unchanged. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up strongly from there. The bounce looks strong enough to...
