by Lara | Feb 22, 2019 | Gold |
A small range inside day sees the Elliott wave count remain the same. At the end of this week, classic analysis now supports the Elliott wave count. Summary: Both a Shooting Star on the weekly chart and an Evening Star on the daily chart indicate a high may be in...
by Lara | Feb 21, 2019 | Gold |
The first point looked for to give confidence in the Elliott wave count is now seen in a candlestick reversal pattern. Today completes an Evening Star on the daily chart for Gold. Summary: Today’s Evening Star reversal pattern indicates a high may be in place....
by Lara | Feb 19, 2019 | Gold |
The target at 1,338 to 1,341 is now met. Summary: The target using the flag pole is 1,375. However, this upwards movement is now overbought. This target may be too optimistic. New updates to this analysis are in bold. Grand SuperCycle analysis is here. Last historic...
by Lara | Feb 18, 2019 | Gold |
A little upwards movement provides a little short-term clarity. The target is now close by. Summary: The target is at 1,338 to 1,341. Once a trend change is indicated, then a new wave down to last years may be expected to make new lows below 1,046.27. New updates to...
by Lara | Feb 16, 2019 | Gold |
Price still remains within an identified consolidation zone. Friday’s strong upwards day lacks support from volume. The breakout from a flag pattern is suspicious. Summary: A new high above 1,325.74 is required for confidence that the upwards trend remains. The...
by Lara | Feb 13, 2019 | Gold |
An outside day remains range bound. A breakout from this consolidation is required to indicate the next trend. Summary: A new high on an upwards day with support from volume would be a classic upwards breakout. If that happens, then the target is at 1,338. A new low...
by Lara | Feb 11, 2019 | Gold |
Price remains within the consolidation zone. While strong support holds, the preferred Elliott wave count will remain at a critical juncture. Summary: A new high on an upwards day with support from volume would be a classic upwards breakout. If that happens, then the...
by Lara | Feb 5, 2019 | Gold |
A channel is used to indicate a trend change. While price remains within the channel, the upwards trend should be assumed to continue. Summary: The next Elliott wave target is at 1,338. The next classic analysis target is at 1,349. Assume the trend remains the same...
by Lara | Jan 31, 2019 | Gold |
Upwards movement continues towards the target. Summary: The next Elliott wave target is at 1,338. The next classic analysis target is at 1,349. Assume the trend remains the same until proven otherwise. For confidence in a trend change the following things may be seen:...
