by Lara | Oct 11, 2018 | Gold |
An upwards day with support from volume breaks above resistance. Resistance zones will be used as targets. Summary: A short term target is about 1,287. Tomorrow may begin with a small sideways consolidation for a fourth wave, then be followed by more upwards movement....
by Lara | Oct 9, 2018 | Gold |
A small inside day fits the preferred Elliott wave count. Price remains range bound. Volume still indicates the same expected breakout direction. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is still a downwards day that has...
by Lara | Oct 8, 2018 | Gold |
Volume analysis still favours the first Elliott wave count. On Balance Volume is watched carefully this week. It may signal which Elliott wave count is most likely. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is still a...
by Lara | Oct 5, 2018 | Gold |
Sideways movement has continued this week. Volume may indicate the most likely breakout direction from the consolidation. On Balance Volume may give a signal next week. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is still a...
by Lara | Oct 4, 2018 | Gold |
Price remains within a consolidation zone. On Balance Volume still has not given a signal. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is an upwards day now that has the strongest volume within the consolidation, suggesting an...
by Lara | Oct 2, 2018 | Gold |
The ascending triangle pattern has not resulted in a clear breakout, so it is discarded. Four Elliott wave counts remain valid. Two hourly charts are provided for members today. Summary: Price is range bound with resistance about 1,220 and support about 1,185....
by Lara | Sep 29, 2018 | Gold |
After a five down from an Elliott wave triangle, a three up was expected to develop. This is what happened on Friday. Summary: There are at this time multiple alternate wave counts because of the expectation that a cycle degree b wave is unfolding. At this time, it...
by Lara | Sep 24, 2018 | Gold |
A small range inside day does not change the Elliott wave counts. All three daily Elliott wave counts remain valid. Volume today supports the main Elliott wave count. Summary: A small Elliott wave triangle looks like it may be complete now for Gold. A downwards...
by Lara | Sep 19, 2018 | Gold |
Price continues to move sideways all week, which is what the preferred Elliott wave count expected. The breakout is still expected to be in the same direction, and this has support from volume analysis. Summary: A small Elliott wave triangle looks like it may be very...
