by Lara | Dec 1, 2018 | Gold |
A small range week leaves all Elliott wave counts valid. The target on the preferred Elliott wave count remains the same. Summary: The upwards trend may now resume. The target remains the same at 1,295. The final target for this bounce to end is about 1,305 –...
by Lara | Nov 29, 2018 | Gold |
Upwards movement was expected to resume for Thursday’s session, which is what has happened. Summary: The upwards trend may now resume. The target remains the same at 1,295. The final target for this bounce to end is about 1,305 – 1,310. New updates to this...
by Lara | Nov 27, 2018 | Gold |
A continuation of downwards movement was expected for the short term. With the 0.382 Fibonacci ratio passed, the 0.618 Fibonacci ratio is a new target. Summary: For the very short term, this pullback may end about 1,209. Thereafter, the upwards trend may resume. The...
by Lara | Nov 23, 2018 | Gold |
For the very short term, some downwards movement was expected, which is what has happened at the end of the week. Summary: For the very short term, another pullback to about 1,209 may unfold before upwards movement resumes. The target for the short term is 1,295. The...
by Lara | Nov 19, 2018 | Gold |
Upwards movement continues as the preferred Elliott wave count expects. All four weekly Elliott waves counts remain valid. Summary: The target for the short term is 1,295. The final target for this bounce to end is about 1,305 – 1,310. New updates to this...
by Lara | Nov 14, 2018 | Gold |
A strong bounce invalidated the short-term hourly chart of one Elliott wave count, which increased the confidence in another Elliott wave count. Summary: Reasonable weight is given today to a candlestick reversal pattern. It looks like a low is now in place. The...
by Lara | Nov 13, 2018 | Gold |
More downwards movement was expected. Summary: Look for next support about 1,183. Classic analysis still favours the Combination wave count. A doji candlestick today puts the trend from down into neutral for the time being. Tomorrow’s candlestick will be...
by Lara | Nov 10, 2018 | Gold |
More downwards movement was expected as possible, but a close below support is more bearish than expected. Summary: Friday completes a classic downwards breakout below support. Look for next support about 1,185. Have confidence in a downwards trend if price makes a...
by Lara | Nov 8, 2018 | Gold |
A little more downwards movement has unfolded as expected. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at 1,201.14. The consolidation may be unfolding as an Elliott wave triangle; the...
