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...
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 | Apr 25, 2018 | Gold |
Downwards movement was expected as likely, and this is what has happened. The target remains the same. Summary: The target zone for this downwards swing to end is now at 1,306 to 1,302. At its end this downwards swing may offer a very good entry point for a long...
by Lara | Apr 7, 2018 | Gold |
More downwards movement was expected for Friday. The session did begin with a new low, but thereafter a strong bounce completed a green daily candlestick. Members were warned not to expect price to move downwards in a straight line. The bounce remains well below the...
by Lara | Mar 20, 2018 | Gold |
Price is range bound, moving sideways. The Elliott wave counts expect a B wave may be about halfway through. An alternate idea of a new downwards trend is also considered at the daily chart level today. Summary: Two bearish signals from On Balance Volume indicate it...
by Lara | Mar 1, 2018 | Gold |
Price moved lower as expected, turning just 3.08 above the second target. A new low below 1,307.09 has invalidated the alternate Elliott wave count. Summary: Expect now an upwards swing for a few days. The target is at 1,391, but this may be a little too high. New...
by Lara | Feb 10, 2018 | Gold |
Last analysis expected support to hold, and it has. Summary: Price is at support. For the short term, a new high above 1,327.81 and then above the yellow best fit channel would indicate an end to the downwards swing and the start of a new upwards swing. The target is...
by Lara | Feb 7, 2018 | Gold |
Price continues to move lower towards the target as expected from the main Elliott wave count. Summary: The target for this downwards wave remains at 1,286 – 1,284. About there a reversal and a strong bounce may begin. The mid term picture still expects that...
by Lara | Jan 20, 2018 | Gold |
Downwards and sideways movement to end the week fits the main wave count. But while price action so far looks right, this main wave count does not have support from classic analysis at the end of this week. Two alternates are considered. Summary: The main wave count...