by Lara | Apr 18, 2019 | Gold
Price moves lower as expected. Today On Balance Volume gives a strong signal, which supports the Elliott wave count. Summary: The downwards trend has resumed. There will be bounces and consolidations along the way down. Downwards momentum may now show some increase,...
by Lara | Apr 12, 2019 | Gold |
A small range inside day fits short-term expectations for the Elliott wave count. Summary: For the very short term, a little sideways or higher movement may find resistance about 1,298 on Monday. Thereafter, the downwards trend may resume. The Elliott wave target is...
by Lara | Apr 9, 2019 | Gold |
Upwards movement remains below the invalidation point and price remains within the base channel. The next target at the 0.618 Fibonacci ratio is now used. Summary: This bounce may end about 1,307 to 1,310, which may be about the upper edge of the base channel. If...
by Lara | Apr 8, 2019 | Gold |
A counter trend bounce was expected to end most likely about 1,297 to 1,301. The high for Monday is at 1,303.15, just slightly above the target range. Summary: The downwards trend may now have resumed. A new low below 1,293.90 now would provide confidence that this...
by Lara | Apr 4, 2019 | Gold |
The main Elliott wave count remains essentially the same after today’s sharp whipsaw. A new alternate to consider is presented for the short term. The larger picture remains the same. Summary: For the very short term, a small counter trend bounce may end most...
by Lara | Apr 3, 2019 | Gold |
A small amount of upwards movement was expected. Price moved slightly higher. The short-term target remains the same. Summary: For the very short term, a small counter trend bounce may end most likely about 1,301 to 1,305. If price keeps rising through this first...
by Lara | Apr 2, 2019 | Gold |
A little upwards movement was expected. After a slight new low price has turned and moved higher. The short-term Elliott wave count remains mostly the same but the short-term target is recalculated. Summary: For the very short term, a small counter trend bounce may...
by Lara | Mar 29, 2019 | Gold |
Another downwards day with a lower low and a lower high was expected. Summary: For the very short term, a small counter trend bounce may end about either 1,301 or 1,310. Thereafter, the downwards trend should resume. The Elliott wave target is at 1,220. A target...
by Lara | Mar 27, 2019 | Gold |
For the short term, a little more upwards movement was expected to unfold. A close today below the channel on the daily chart after some downwards movement shifts this view. Summary: The downwards trend may have resumed. Strong confidence in this view may be had if...
