by Lara | Jul 31, 2018 | Gold |
Upwards movement was expected for the main daily Elliott wave count, which today has some support from volume analysis. Summary: A new high now above 1,234.76 would add reasonable confidence that a low is in place, but prior to that it will remain possible that a new...
by Lara | Jul 30, 2018 | Gold |
The main Elliott wave count expected upwards movement. A small upwards day fits this expectation. Price remains above the invalidation point and within a small consolidation zone. Summary: A new high now above 1,234.76 would add reasonable confidence that a low is in...
by Lara | Jul 26, 2018 | Gold |
Downwards movement remains above the invalidation point on the hourly Elliott wave count. Three short term Elliott wave counts are presented today. Summary: This analysis is bullish at the weekly chart level, but it is possible that a new low to about 1,211 may occur...
by Lara | Jul 24, 2018 | Gold |
Downwards movement remains above the invalidation point on the hourly chart and within the allowable range for the Elliott wave count. Summary: It still is reasonably likely that a low is in place for Gold for the short to mid term. A bounce up now to about 1,307 is...
by Lara | Jul 19, 2018 | Gold |
Downwards movement has continued. Price is now within the target zone. Two short term hourly Elliott wave counts outline two possibilities for the next 24 hours. Summary: While price remains below 1,247.37, then allow for new lows to the lower edge of the target zone...
by Lara | Jul 18, 2018 | Gold |
Price continued lower. Two short term pictures with a clear price point which differentiates them are presented today. Summary: While price remains below 1,247.37, then allow for new lows to the target at 1,216 – 1,211. If price starts to move higher and makes a...
by Lara | Jul 14, 2018 | Gold |
A little more downwards movement for Friday was not expected. Price still remains well within the allowable range for this small consolidation, for which there are still multiple Elliott wave structures. Summary: A multi day to multi week consolidation is likely still...
by Lara | Jul 10, 2018 | Gold |
Some downwards movement for the short term was expected for Tuesday’s session, which is exactly what has happened. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways consolidation to last one to two weeks,...
by Lara | Jul 5, 2018 | Gold |
Volume analysis supports the Elliott wave analysis at this stage. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways consolidation to last one to two weeks, remaining below 1,282.20. When the consolidation is...
