by Lara | Jul 3, 2019 | Gold |
A small range day remains just below the last high. All Elliott wave counts remain valid. 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 suggest the back test may...
by Lara | Jul 2, 2019 | Gold |
The last high remains in place. All three Elliott wave counts at the daily chart level remain valid. Classic technical analysis favours the alternate Elliott wave count. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up...
by Lara | Jun 27, 2019 | Gold |
More downwards movement fits the short-term expectation for both Elliott wave counts. Summary: A high may now be in place earlier than expected for the bearish Elliott wave count. Price may continue higher towards 1,565 for the bullish Elliott wave count. A new low by...
by Lara | Jun 25, 2019 | Gold |
The bullish and bearish Elliott wave counts now may diverge. A clear price point differentiates the two ideas. Summary: A high may now be in place earlier than expected for the bearish Elliott wave count. Price may continue higher towards 1,565 for the bullish Elliott...
by Lara | Jun 19, 2019 | Gold |
Gold price is still rising and is now close to the invalidation point for the main Elliott wave count. All three Elliott wave counts remain valid at this stage, but we may soon be closer to some clarity regarding this B wave. Summary: A high may come soon now for...
by Lara | Jun 14, 2019 | Gold |
The alternate Elliott wave count expected for the short term a new high to 1,349 before a reversal. Price reached 1,357.92, remaining below the Elliott wave invalidation point, and there sharply reversed. Summary: A high may now be in place for Gold. A new target is...
by Lara | Jun 13, 2019 | Gold |
A bounce was expected to continue higher for one or two sessions, which is so far what has happened. Summary: For the short term, a small bounce may have ended now for minor wave 2 or price may continue higher to 1,349 before turning. A new target is at 1,014....
by Lara | Jun 11, 2019 | Gold |
A long lower wick on today’s daily candlestick supports the short-term outlook for both Elliott wave counts. Summary: Friday’s high may have been the end of cycle wave b triangle. A downwards breakout may be beginning. A new target is at 1,014. Thereafter,...
by Lara | Jun 10, 2019 | Gold |
A strong downwards day indicates the alternate triangle Elliott wave count may be more likely than the main, which differs only for a short-term outlook. The wave counts are switched over today. Summary: Friday’s high may have been the end of cycle wave b...
