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...
by Lara | Oct 26, 2016 | Gold |
A little upwards movement to 1,281 – 1,283 was expected before price turned downwards. Price did move downwards, but no new high was made first. Summary: It is concerning for the bear wave count today that volume does not support this downwards day. While the...
by Lara | Sep 28, 2016 | Gold |
Downwards movement to about 1,320.71 was expected for Wednesday’s session. Price moved lower to reach 1,318.02 for the session. Summary: Upwards movement is now expected and should show an increase in momentum and strong volume over the coming weeks. Corrections...
by Lara | Sep 19, 2016 | Gold |
Upwards movement was expected for Monday’s session, which is what has happened. Summary: Price needs to break out of the best fit channel on the hourly chart before confidence may be had that a low is in place. Risk remains at 1,302.93 while price remains within...
