by Lara | Jun 6, 2017 | Gold |
Upwards movement has invalidated the first weekly chart. With some adjustment, the triangle idea remains valid. Summary: In the short term, expect more upwards movement to a new target at 1,326. Stops may be now at 1,281.94 or just below the green channel on the...
by Lara | May 24, 2017 | Gold |
A consolidation was expected to continue. So far this week that is exactly what is happening as price remains range bound. Summary: The consolidation continues. A new high reasonably above 1,263.71 now would indicate an upwards breakout and the target would be either...
by Lara | May 3, 2017 | Gold |
Price has moved slightly below the target on the alternate hourly wave count, which was at 1,244. The next 24 hours should provide clarity. Summary: If upwards movement breaks above the channel on the hourly chart, then the main wave count should be used. A low may be...
by Lara | Apr 10, 2017 | Gold |
The breakout from a consolidation zone has still not happened. The longer price coils between support and resistance, the more violent the breakout will be. Summary: On Balance Volume at the daily and possibly also weekly chart levels gives bullish signals for Gold....
by Lara | Mar 20, 2017 | Gold |
Sideways movement was again expected for Monday’s session. Price moved slowly higher in a small range, mostly fitting expectations. Summary: A small fourth wave correction may now continue sideways over another one to few days and should remain above 1,211.06....
by Lara | Jan 31, 2017 | Gold |
Downwards movement was expected for Tuesday but did not happen. Price has moved higher but remains below the invalidation point on the hourly Elliott wave count. Summary: A new low below 1,202.90 would add confidence that the downwards pullback has resumed. The next...
by Lara | Jan 24, 2017 | Gold |
A small downwards day remains above the invalidation point on the main hourly Elliott wave count. So far price continues to find support at the lower edge of the channel. Summary: The bottom line is still that it must be accepted there is no indication yet of an end...
by Lara | Dec 18, 2016 | Gold |
A small inside day sees upwards movement. Price remains below the invalidation point. Summary: While price remains below 1,151.95, there is a possibility of new lows with a target at 1,118 or 1,116 – 1,113. If price makes a new high above 1,151.95, then either a...
by Lara | Oct 27, 2016 | Gold |
Yesterday’s analysis was summarised with a warning that the consolidation pattern did not look complete. Another inside day has essentially moved price sideways within a small range continuing the consolidation. Summary: The breakout from a bear flag pattern is...
