by Lara | Aug 23, 2018 | Gold |
Some downwards movement was expected for Gold and that is what has happened for the short term for both wave counts, which are now being followed on a daily basis. Summary: It is again possible for Gold that a low may be in place, but this needs some confirmation with...
by Lara | Aug 22, 2018 | Gold |
Upwards or sideways movement was again expected for both Gold and GDX. A small doji candlestick that moved price slightly higher on both fits this expectation. Summary: It is again possible for Gold that a low may be in place, but this needs some confirmation with a...
by Lara | Aug 21, 2018 | Gold |
Today more upwards movement was expected for Gold and either upwards or sideways movement for GDX. With Gold moving slowly higher and GDX moving slightly higher, this is exactly what has happened. Summary: With support from volume, GDX has effected a downwards...
by Lara | Aug 17, 2018 | Gold |
GDX and Gold both continued lower for the week as expected. With Gold now having developed an extreme downwards trend, candlestick reversal patterns may be used as warnings that the trend may either end or be interrupted by a consolidation to relieve extreme...
by Lara | Aug 15, 2018 | Gold |
Again, downwards movement continues for both Gold and GDX as last analysis expected. New targets are calculated for Gold and GDX. The long term target for GDX remains the same. Members are given some advice on how to manage short positions for GDX today. Summary: With...
by Lara | Aug 9, 2018 | Gold |
Sideways movement over the last couple of weeks still mostly fits the main Elliott wave count for Gold. A short term alternate is still provided. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning...
by Lara | Aug 6, 2018 | Gold |
An inside day for Monday sees price remain above the invalidation point on the hourly Elliott wave count. A new alternate idea for the very short term is presented today. Summary: A low may again be in place. Confidence may be had with a new high above 1,227.46. A...
by Lara | Aug 4, 2018 | Gold |
Downwards movement continued a little further as the main Elliott wave count expected, but fell 8.69 short of the target. Summary: A low may again be in place. Confidence may be had with a new high above 1,265.59. A target for a strong bounce here is about 1,304,...
by Lara | Aug 1, 2018 | Gold |
Price remains above the invalidation point, finding support at the trend line on the main daily Elliott wave count. Summary: It would be my judgement today that classic analysis mostly supports the main daily wave count. A new high now above 1,234.76 would add...
