by Lara | Oct 3, 2019 | Gold |
Upwards movement has continued and remains below the invalidation point and within the base channel. Today a bullish signal from On Balance Volume prompts a relabelling of the bullish daily Elliott wave count. Summary: A new low below 1,485.43 would provide confidence...
by Lara | Sep 11, 2019 | Gold |
A small range inside day leaves both Elliott wave counts the same today. Summary: For the short term, while price remains below 1,503.29, it is safest to assume price will keep falling. If price makes a new high by any amount at any time frame above 1,503.29, then...
by Lara | Aug 20, 2019 | Gold |
Price continues to be range bound. A reliable continuation pattern, a pennant, may be forming. The flag pole is used to calculate a target. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves...
by Lara | Jul 29, 2019 | Gold |
Price remains range bound. With volume and ATR declining as price moves sideways, this looks like another consolidation within an ongoing trend. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a sideways...
by Lara | Jul 5, 2019 | Gold |
A strong downwards session to end the week favours the bearish Elliott wave count, but price has not yet invalidated any of the three daily charts published for members. Summary: A strong downwards day for Friday with a strong push from volume suggests the back test...
by Lara | Jun 12, 2019 | Gold |
A bounce was expected for the short term, which is exactly what has happened for the session. 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, if price keeps...
by Lara | May 21, 2019 | Gold |
Further downwards movement fits the main Elliott wave count. 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). However, the target would be...
by Lara | Apr 29, 2019 | Gold |
The neck line of the Head and Shoulders pattern has provided resistance for a back test. The target calculated from the Head and Shoulders pattern is just $3 off the target calculated using the Elliott wave count and Fibonacci Ratios. Summary: Expect the downwards...
by Lara | Apr 6, 2019 | Gold |
Some upwards movement was expected for Friday. Overall, this is what happened with a higher high and a higher low from Thursday. Summary: For the very short term, a small counter trend bounce lasting another two to three days may end most likely about 1,297 to 1,301...
