by Lara | May 14, 2019 | Gold |
More upwards movement was expected. The last daily candlestick makes a higher high and a higher low, which fits this expectation. Summary: There is strength in this upwards movement. The Elliott wave count now expects it to continue to end slightly above 1,346.45 in a...
by Lara | May 10, 2019 | Gold |
A small range upwards week remains within the channel and below the invalidation point. The Elliott wave counts remain the same, and all expect the same direction next week. Summary: Expect the downwards trend to resume. Look out now for a possible strong increase in...
by Lara | May 6, 2019 | Gold |
A bounce was expected to continue to start the new week. The target remains the same. Summary: For the short term, look for a bounce to possibly end about 1,289. Use the channels on the daily chart to show where price may find resistance. Thereafter, expect the...
by Lara | May 1, 2019 | Gold |
Some downwards movement at the end of the session fits expectations from the Elliott wave counts. Summary: Expect the downwards trend to resume. The mid-term Elliott wave target is at 1,220. The classic analysis target is at 1,217. Risk is just above the upper edge of...
by Lara | Apr 30, 2019 | Gold |
The neck line of the Head and Shoulders pattern continues to provide resistance, as does the short-term channel on the hourly chart. The Elliott wave targets remain the same. Summary: Expect the downwards trend to resume. The mid-term Elliott wave target is at 1,220....
by Lara | Apr 27, 2019 | Gold |
A bounce has continued higher. Price remains below the invalidation point and within the base channel for the daily Elliott wave count. Summary: For the very short term, look for this bounce to possibly end about 1,294 or at resistance at the upper edge of the base...
by Lara | Apr 25, 2019 | Gold |
The very short-term expectation from yesterday’s hourly chart was a small bounce, which is what has happened. Summary: The Elliott wave target is at 1,220. The classic analysis target is at 1,217. Risk is just above the upper edge of the base channel on the...
by Lara | Apr 24, 2019 | Gold |
Downwards movement continues as the larger picture for the Elliott wave and technical analysis expects for Gold. Targets remain the same. Summary: The Elliott wave target is at 1,220. The classic analysis target is at 1,217. Risk is just above the upper edge of the...
by Lara | Apr 22, 2019 | Gold |
A small range upwards day moves price higher, but the candlestick closed red. Overall, this fits the Elliott wave count. Summary: For the very short term, a small bounce may end about 1,286. Look for resistance at the neckline of a possible Head and Shoulders pattern...
