by Lara | Feb 6, 2019 | Gold |
Price remains within the channel. At this stage, the analysis has now switched to neutral, awaiting technical indication of a trend change or a continuation of the existing trend. Summary: The last four sessions may be the start of a new downwards trend, or a small...
by Lara | Jan 17, 2019 | Gold |
The Elliott wave count remains the same. It expected more sideways movement. Summary: A sideways consolidation is now expected for a fourth wave to continue still for another few sessions. It may be very shallow, with support about 1,277 and resistance about 1,297....
by Lara | Jan 15, 2019 | Gold |
Both Elliott wave counts expected more sideways movement, which is what has happened. The breakout is expected to be in the same direction from the Elliott wave count and from classic technical analysis of the current pattern. Summary: A sideways consolidation is now...
by Lara | Dec 14, 2018 | Gold |
A pullback was expected to end about 1,235. Downwards movement for Friday reached 1,232.98 and then quickly reversed. Summary: The upwards trend may now resume. The mid-term target is 1,295. The final target for this bounce to end is about 1,305 – 1,310. New...
by Lara | Dec 12, 2018 | Gold |
Sideways movement in a small range fits the short-term expectation from the Elliott wave count. Volume today supports the preferred Elliott wave count. Summary: For the very short term, a small pullback to about 1,235 may continue, lasting about another 3 days....
by Lara | Nov 22, 2018 | Gold |
With markets in the US closed for Thanksgiving Day, a very quiet 24 hours sees a very small doji candlestick leave the analysis the same. Summary: For the very short term, another pullback to about 1,209 may unfold before upwards movement resumes. Wait for the channel...
by Lara | Nov 20, 2018 | Gold |
The main Elliott wave count expected more upwards movement, which is so far what has happened. Summary: For the very short term, another pullback to about 1,209 may unfold before upwards movement resumes. The target for the short term is 1,295. The final target for...
by Lara | Oct 31, 2018 | Gold |
Downwards movement was not expected for Wednesday, but price remains above the invalidation point and the preferred Elliott wave count remains valid. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here...
by Lara | Oct 27, 2018 | Gold |
For the mid term, volume and On Balance Volume this week give an important signal. For the short term, Friday’s candlestick gives a contradictory signal. The main Elliott wave count remains the same. Summary: Another multi week consolidation may have begun,...
