by Lara | Apr 6, 2017 | Gold |
An upwards breakout was again expected, but price remains range bound. Summary: Look out for strong upwards movement from both Gold and GDX, which may happen during a price shock instigated by the release of Non Farm Payroll data during tomorrow’s session. The...
by Lara | Apr 3, 2017 | Gold |
Upwards movement was expected for the main Elliott wave count. A new alternate is provided today at the hourly chart level in response to volume analysis for Monday’s session. Summary: It is very concerning that volume today and for Friday does not support...
by Lara | Mar 28, 2017 | Gold |
Downwards movement unfolded for Tuesday’s session as expected. On Balance Volume and the 200 day moving average were enough to turn price down. A new low below 1,252.75 added a little confidence to the expectation. Summary: A pullback to about 1,230 may...
by Lara | Mar 16, 2017 | Gold |
More upwards movement was expected from last analysis. This is what has happened. Summary: A small fourth wave correction may now unfold sideways over one to three days and should remain above 1,211.06. When the correction is complete, then a target for the fifth wave...
by Lara | Mar 15, 2017 | Gold |
Price moved strongly higher exactly as the Elliott wave count expected for a third wave up. Targets remain the same. Summary: Reasonable confidence is had today in the Elliott wave count. The structure of this upwards wave is incomplete and for now the invalidation...
by Lara | Feb 8, 2017 | Gold |
Another upwards day sees the main and alternate Elliott wave counts switched over. What is now the alternate Elliott wave count still remains viable. It illustrates the risk today to trading based upon the main Elliott wave count. Summary: Probability has shifted...
by Lara | Jan 18, 2017 | Gold |
Price has moved lower and remains within the channel drawn on both the hourly and daily Elliott wave charts. Summary: The bottom line is still that it must be accepted there is no indication yet of an end to this upwards wave while Gold remains within the channel and...
by Lara | Jan 9, 2017 | Gold, Gold Historical |
Gold has had a trend change. How high this next wave goes and what structure it takes will indicate which Elliott wave count at the monthly chart level may be correct. Summary: Gold is in a new bull trend. In the short term, a downwards correction should be expected...
by Lara | Dec 21, 2016 | Gold |
A small inside day fits the preferred expectations for Gold, but all Elliott wave counts still remain valid. Targets remain the same. Summary: It still looks like another new low may unfold before Gold either turns or begins a time consuming consolidation. The target...
