by Lara | Nov 27, 2019 | Gold |
Again, downwards movement was expected and has unfolded (BarChart data). There will be corrections along the way, but overall the trend is expected to continue. Summary: The downwards trend may resume. The Elliott wave target is at 1,348. A target calculated from the...
by Lara | Nov 5, 2019 | Gold |
Today price has broken below the lower triangle trend line and below a confidence point. The alternate Elliott wave count should be taken seriously. Summary: For the very short term, a new low below 1,482.52 adds a little confidence in a more bearish outlook. A new...
by Lara | Oct 14, 2019 | Gold |
A small range inside day sees all three daily Elliott wave counts remain valid. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be at 1,420. The main Elliott wave count still expects downwards...
by Lara | Sep 20, 2019 | Gold |
Sideways movement continues all week. Price remains range bound. The Elliott wave counts both expect a breakout in the same direction. Summary: The bounce may continue up to about 1,529 before the downwards trend resumes. The bearish Elliott wave count expects a new...
by Lara | Aug 29, 2019 | Gold |
For the short term, yesterday’s analysis had three hourly charts which all expected some downwards movement. A red daily candlestick exactly fits this expectation. Summary: Sideways movement now looks like a small interruption within an ongoing upwards trend...
by Lara | Aug 7, 2019 | Gold |
Upwards movement continues as the bullish Elliott wave count has expected. The bearish Elliott wave count remains valid, and the target zone has been widened. Summary: The upwards trend is extreme. Divergence is weakening. Volume and On Balance Volume are bullish. The...
by Lara | Jul 16, 2019 | Gold |
The pennant pattern remains valid; the breakout is now expected within the next few hours. The targets calculated from the flag pole of the pennant pattern and from Elliott wave remain the same. Summary: After the breakout from multi year resistance on 20th June,...
by Lara | Jun 22, 2019 | Gold |
After an upwards breakout on Friday, three Elliott wave counts remain valid. Summary: A shallow consolidation or a pullback to test support after the upwards breakout may now unfold next week. Look for support about 1,370 to 1,375. Thereafter, the upwards trend may...
by Lara | May 30, 2019 | Gold |
Price remains range bound within identified support and resistance. A breakout may come now next week. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may still be more likely. The target would then be at 1,219 (which may not be low...
