by Lara | Nov 7, 2018 | Gold |
A little downwards movement within a consolidation was expected to continue for Wednesday. So far price is behaving as expected this week. The breakout direction is still expected to be the same. Summary: A multi-week consolidation may continue, which may not move...
by Lara | Nov 5, 2018 | Gold |
Another small range day fits short-term expectations. All Elliott wave counts remain valid. 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. This week may see a downwards swing...
by Lara | Nov 1, 2018 | Gold |
Upwards movement was expected for Thursday. This is exactly what has happened. 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. For the short term, now expect the current upwards...
by Lara | Oct 25, 2018 | Gold |
Another small range day remains within identified support and resistance. A consolidation was expected to continue. Summary: Another multi week consolidation may have begun, which may end about 1,217 and may not move below 1,201.14. Resistance is about 1,240 and...
by Lara | Oct 22, 2018 | Gold |
Sideways movement was expected to continue. A small range downwards day remains between identified support and resistance. This fits expectations. Summary: A small Elliott wave triangle or classic pennant pattern may be completing. Look out for an upwards breakout to...
by Lara | Oct 20, 2018 | Gold |
Sideways movement continued at the end of the week, which is what the short term expectation was for the Elliott wave count. Summary: A fourth wave consolidation may end next week; it may reach as low as 1,210, but should not move below 1,207.78. Thereafter, upwards...
by Lara | Oct 17, 2018 | Gold |
Sideways and slightly lower movement was expected to continue. A small range day moved price lower, closing as a doji candlestick; this fits expectations for the Elliott wave counts. Summary: Some sideways and slightly lower movement may continue for another one to...
by Lara | Oct 16, 2018 | Gold |
Sideways movement was expected for Tuesday’s session. A small inside day completes as a doji candlestick, which exactly fits expectations. Summary: Some sideways and slightly lower movement may continue for another one to few days; it may reach as low as 1,210,...
by Lara | Oct 15, 2018 | Gold |
Upwards movement has continued, which was allowed for in the main Elliott wave count. Volume and candlestick analysis are used today to indicate the most likely short term Elliott wave count. Summary: Upwards movement today has substantially weaker volume and a long...
