by Lara | May 16, 2017 | Gold |
A new high above 1,236.88 indicated more upwards movement towards a target about 1,245. Price continued only slightly higher so far to reach 1,238.88. Summary: Allow for price to continue higher towards 1,245 while it remains within the channels on the hourly charts....
by Lara | Apr 12, 2017 | Gold |
Upwards movement continues as expected. Members have been advised to move stops up now to protect some profit. Profit targets are still the same. A new channel on the hourly chart will be used to manage long positions. Summary: The strongest move is still most likely...
by Lara | Apr 8, 2017 | Gold |
A strong upwards movement was expected on Friday. This is what happened, but then price reversed and retraced almost all of the upwards movement. Summary: On Balance Volume at the daily and possibly also weekly chart levels gives bullish signals for Gold. This should...
by Lara | Apr 4, 2017 | Gold |
The main Elliott wave count expected upwards movement for Tuesday’s session, which is what has happened. Summary: Look out for strong upwards movement from both Gold and GDX, which may happen within the next 24 hours. The target is at 1,333 in the first...
by Lara | Mar 4, 2017 | Gold |
Downwards movement continued as expected for the main Elliott wave count. Summary: If members have profitable short positions opened below 1,248, consider taking profits. Watch how price behaves carefully when markets open on Monday. If the channel on the second...
by Lara | Feb 20, 2017 | Gold |
A lower high and a lower low moved price lower for Monday’s session, which is overall what the main Elliott wave count expected. A public holiday in the USA for Presidents Day saw markets very quiet. Summary: The target for a deep pullback is at 1,148....
by Lara | Feb 9, 2017 | Gold |
A breach of the trend channel and a new low below 1,227.82 has invalidated the main wave count and confirmed an alternate. Summary: Probability has shifted back to a deep pullback beginning here. The target is at 1,149. Follow my two Golden Rules of risk management:...
by Lara | Dec 22, 2016 | Gold |
Another small inside day fits both Elliott wave counts, but price behaviour is pointing to one scenario more strongly than the other. Summary: It still looks like another new low may unfold before Gold either turns or begins a time consuming consolidation. The target...
by Lara | Dec 19, 2016 | Gold |
A small upwards day fits all four Elliott wave counts. Price behaviour is now pointing to which wave count looks most likely. Summary: At this stage, it looks now like another new low may unfold before Gold either turns or begins a time consuming consolidation. The...
