by Lara | May 8, 2019 | Gold |
A bounce was expected to end about 1,289. Upwards movement reached a high at 1,290.90 where price sharply reversed, just 1.90 above the target. Summary: Expect the downwards trend to resume. Look out now for a possible strong increase in downwards momentum. The...
by Lara | Apr 16, 2019 | Gold |
More downwards movement was expected and this is exactly what is happening. The Elliott wave count and targets remain the same. All three Elliott wave counts expect more downwards movement at least for the short term. Summary: The downwards trend has resumed. There...
by Lara | Mar 25, 2019 | Gold |
Price remains within the channel on the hourly chart and the flag pattern remains valid. Price has breached the short-term invalidation point on the hourly chart but remains below the invalidation point on the daily chart. Summary: For the short term, a breach of the...
by Lara | Mar 1, 2019 | Gold |
Downwards movement has continued exactly as the preferred Elliott wave count expected for the week. Summary: The long term target is now calculated at 473. Confidence in this target may be had with a new low below 1,160.75. For the short term, expect downwards...
by Lara | Feb 7, 2019 | Gold |
Closure of the last gap is an important signal. This analysis now slightly shifts away from yesterday’s neutral stance. Summary: The last five sessions may be the start of a new downwards trend, or a small pullback within an ongoing upwards trend. Today there is...
by Lara | Jan 16, 2019 | Gold |
Sideways movement continues to complete a small pennant pattern. The Elliott wave count remains the same. Summary: A sideways consolidation is now expected for a fourth wave to continue for another few sessions. It may be very shallow, with support about 1,277 and...
by Lara | Dec 13, 2018 | Gold |
More sideways movement was expected for the very short term. This pattern may now be identified on the daily chart. The measured rule is used to calculate a target. Summary: For the very short term, a small pullback to about 1,235 may continue, lasting about another 3...
by Lara | Nov 21, 2018 | Gold |
Price has moved higher towards the Elliott wave target, which remains the same. Summary: For the very short term, another pullback to about 1,209 may unfold before upwards movement resumes. Wait for the channel on the hourly charts to be breached by clearly downwards...
by Lara | Oct 30, 2018 | Gold |
A little more downwards movement remains within the identified consolidation zone. Summary: A multi week consolidation may continue, which may end about 1,217 and may not move below 1,201.14. With price today very close to support, this may present an entry...