by Lara | Jan 30, 2019 | Gold |
The second target was met and price kept rising. The third and final target may now be used. 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...
by Lara | Jan 28, 2019 | Gold |
A little sideways movement was expected for the short term when markets opened for the new week. This is mostly what has happened. Monday’s session completes a long legged doji with a slightly higher high. Summary: A short and final upwards wave may unfold to...
by Lara | Jan 25, 2019 | Gold |
An upwards breakout from a flag pattern was expected. The first Elliott wave target at 1,300 has been met. But the Elliott wave structure is incomplete, so the second target will now be used. Summary: For the short term, a little sideways movement may begin next week....
by Lara | Jan 24, 2019 | Gold |
A small range day remains within a consolidation zone. The breakout is still expected to be in the same direction. Summary: The first target for upwards movement to end is now at 1,300, which may be met within a very few days. If price keeps rising through the first...
by Lara | Jan 22, 2019 | Gold |
Fibonacci ratios are used with the Elliott wave count to calculate targets for a final high. Summary: The first target for upwards movement to end is now at 1,300, which may be met within a very few days. Thereafter, a huge trend change is expected: a new wave down to...
by Lara | Jan 18, 2019 | Gold |
A downwards day remains within the consolidation zone. The Elliott wave count remains valid. Summary: A sideways consolidation is now expected for a fourth wave to end next week. It may be very shallow, with support about 1,277 and resistance about 1,297. The breakout...
by Lara | Jan 14, 2019 | Gold |
Sideways movement continues as both Elliott wave counts expected. Today a small range day remaining well within resistance and support does not change the Elliott wave counts. Summary: A sideways consolidation is now expected for a fourth wave to continue for another...
by Lara | Jan 9, 2019 | Gold |
A sideways consolidation was expected to begin after the session for the 4th of January closed. The following three sessions thereafter have all moved sideways, which exactly meets expectations. Elliott wave analysis is used to determine when a corrective structure...
by Lara | Jan 8, 2019 | Gold |
Some downwards movement was expected, which is what has happened. Summary: A sideways consolidation is now expected for a fourth wave to last about 2 to 4 weeks. It may find support about 1,259 and resistance about 1,300. The final target for this bounce to end is...
