by Lara | Apr 26, 2017 | Gold |
An upwards day was expected as likely for Wednesday’s session for Gold. Price moved slightly lower, however, before bouncing upwards at the end of the session. Summary: A new alternate has a reasonable probability. It is possible this pullback may move lower for...
by Lara | Apr 20, 2017 | Gold |
A small inside day completes and fits expectations for a correction to continue. Summary: The correction is still most likely incomplete. It may continue further for yet another one to few days. Thereafter, the upwards trend should resume. The target for long...
by Lara | Apr 12, 2017 | Gold |
Upwards movement continues as expected. Members have been advised to move stops up now to protect some profit. Profit targets are still the same. A new channel on the hourly chart will be used to manage long positions. Summary: The strongest move is still most likely...
by Lara | Apr 8, 2017 | Gold |
A strong upwards movement was expected on Friday. This is what happened, but then price reversed and retraced almost all of the upwards movement. Summary: On Balance Volume at the daily and possibly also weekly chart levels gives bullish signals for Gold. This should...
by Lara | Apr 4, 2017 | Gold |
The main Elliott wave count expected upwards movement for Tuesday’s session, which is what has happened. Summary: Look out for strong upwards movement from both Gold and GDX, which may happen within the next 24 hours. The target is at 1,333 in the first...
by Lara | Mar 4, 2017 | Gold |
Downwards movement continued as expected for the main Elliott wave count. Summary: If members have profitable short positions opened below 1,248, consider taking profits. Watch how price behaves carefully when markets open on Monday. If the channel on the second...
by Lara | Feb 27, 2017 | Gold |
More upwards movement continued to start the new week as the main Elliott wave count expected. Summary: Use the channel on the second hourly chart and the channel on the alternate hourly chart. Assume the upwards trend remains the same while price remains within the...
by Lara | Feb 21, 2017 | Gold |
Gold is still range bound. Classic analysis, with a heavy reliance on volume analysis, is used to determine probability of the main versus alternate Elliott wave counts today. Summary: Gold has now been range bound for nine sessions. Resistance is at 1,245 and support...
by Lara | Feb 20, 2017 | Gold |
A lower high and a lower low moved price lower for Monday’s session, which is overall what the main Elliott wave count expected. A public holiday in the USA for Presidents Day saw markets very quiet. Summary: The target for a deep pullback is at 1,148....
