by Lara | Jun 25, 2018 | Gold |
A small bounce was expected to continue the new trading week. An outside day remains above the last low, and the higher high fits expectations. Summary: The triangle wave count is now preferred. A small bounce up to about 1,279 may end within the next one or two days....
by Lara | Jun 21, 2018 | Gold |
For the short term, today’s candlestick and Stochastics indicate what may happen next and the Elliott wave count provides Fibonacci ratios for targets. Summary: The triangle wave count is now preferred. The zigzag wave count will be discarded if price prints a...
by Lara | Jun 19, 2018 | Gold, Gold Historical |
Another new low was expected. This is so far what is happening. The bigger picture is updated today with a new weekly wave count. Summary: In the first instance, look now for support at the black (2)-(4) trend line on the first weekly chart (zigzag). The target for...
by Lara | Jun 12, 2018 | Gold |
With a sideways range day, the Elliott Wave counts remain the same. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics suggest a low may be in place here or very soon. If price does move lower, then it should find very strong...
by Lara | Jun 6, 2018 | Gold |
A higher high and a higher low fits the definition of upwards movement, which is what the main Elliott wave count expected. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and a cluster of long lower candlestick wicks,...
by Lara | Jun 5, 2018 | Gold |
A larger range day moves price overall higher, which fits expectations for the main Elliott wave count. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and a cluster of long lower candlestick wicks, suggest a low may be in...
by Lara | Jun 2, 2018 | Gold |
A downwards day, which does not make a new low, still fits overall with the bigger picture. At the end of the week, the main Elliott wave count is unchanged at the daily chart level. Summary: The target is now 1,411. Triple bullish divergence between price and...
by Lara | May 31, 2018 | Gold |
Another upwards day fits expectations, but the technicals are a concern for the very short term. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and now a cluster of long lower candlestick wicks, suggest a low may be in place...
by Lara | May 28, 2018 | Gold |
With New York closed for Memorial Day, a quiet session saw price move a little lower but remain above the invalidation point on the hourly chart. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and now a cluster of long lower...
