by Lara | Jun 7, 2019 | Gold |
A new high above 1,346.45 was expected for the main Elliott wave count, although some further consolidation was expected first. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up, one more small multi day...
by Lara | Jun 5, 2019 | Gold |
A sharp upwards spike completes a strong candlestick pattern today, which suggests the next direction for at least a few days. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up, one more small multi day...
by Lara | Jun 3, 2019 | Gold |
Upwards movement was expected to continue, which is exactly what has happened. A new high above 1,311.40 early in the session added confidence to this expectation. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up,...
by Lara | May 28, 2019 | Gold |
A reasonably strong downwards day fits the expectation from the main Elliott wave count. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout this week may still be more likely. The target would then be at 1,219 (which may not be low...
by Lara | May 23, 2019 | Gold
For the very short term, a bounce was expected for this session. The bounce is higher than expected, but it remains below the Elliott wave invalidation point. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may still be more likely....
by Lara | May 22, 2019 | Gold |
A small range inside day leaves all Elliott wave counts essentially the same. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may be more likely. The target would then be at 1,219 (which may not be low enough). However, the target...
by Lara | May 20, 2019 | Gold |
A small range Doji candlestick for Monday sees both Elliott wave counts remain the same. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may be slightly more likely. The target would then be at 1,219 (which may not be low enough)....
by Lara | May 17, 2019 | Gold |
Price is now range bound. Two Elliott wave counts are used to map out possible movement and targets after a breakout in either direction. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may be slightly more likely. The target would...
by Lara | May 16, 2019 | Gold |
Two main Elliott wave counts are published today. Confidence and invalidation points will be used to indicate which is correct. Summary: The main view today remains bullish. A mid-term target is now at 1,324 where a consolidation within the new upwards trend may...
