by Lara | Oct 2, 2019 | Gold |
A little more upwards movement for the very short term was expected to about 1,492. Upwards movement did continue but more than expected, reaching 1,504.08. Price remains below invalidation points. Summary: The downwards trend may resume. The next short-term target...
by Lara | Sep 10, 2019 | Gold |
An upwards swing was expected for the short term, but price continues to fall. Overall, both Elliott wave counts have expected downwards movement this week. Summary: For the short term, while price remains within the best fit channel and below 1,503.29, it is safest...
by Lara | Aug 19, 2019 | Gold |
To start the new week downwards movement was expected for both bullish and bearish Elliott wave counts. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable distance further, or...
by Lara | Jul 27, 2019 | Gold, Gold Historical |
At the end of this week, it is time to review monthly charts for Gold. Three Elliott wave counts are published for monthly charts. Summary: There remains an upwards trend in place at the weekly chart level. This week looks like a counter trend movement. However, the...
by Lara | Jul 4, 2019 | Gold |
Another small range day while New York is closed for the 4th of July leaves the Elliott wave counts unchanged. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up strongly from there. The bounce looks strong enough to...
by Lara | Jun 11, 2019 | Gold |
A long lower wick on today’s daily candlestick supports the short-term outlook for both Elliott wave counts. Summary: Friday’s high may have been the end of cycle wave b triangle. A downwards breakout may be beginning. A new target is at 1,014. Thereafter,...
by Lara | May 20, 2019 | Gold |
A small range Doji candlestick for Monday sees both Elliott wave counts remain the same. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may be slightly more likely. The target would then be at 1,219 (which may not be low enough)....
by Lara | Apr 27, 2019 | Gold |
A bounce has continued higher. Price remains below the invalidation point and within the base channel for the daily Elliott wave count. Summary: For the very short term, look for this bounce to possibly end about 1,294 or at resistance at the upper edge of the base...
by Lara | Apr 4, 2019 | Gold |
The main Elliott wave count remains essentially the same after today’s sharp whipsaw. A new alternate to consider is presented for the short term. The larger picture remains the same. Summary: For the very short term, a small counter trend bounce may end most...