by Lara | Sep 27, 2018 | Gold |
Last analysis expected a downwards breakout from a small Elliott wave triangle was underway, which is exactly what is happening. Summary: There are at this time multiple alternate wave counts because of the expectation that a cycle degree b wave is unfolding. At this...
by Lara | Sep 25, 2018 | Gold
Another small range inside day sees the Elliott wave counts very slightly adjusted, but this makes little difference to the short term expectation and no difference to the mid or long term expectation. The breakout direction is still expected to be the same. Summary:...
by Lara | Sep 5, 2018 | Gold |
GDX continues to move lower as expected, and is now close to the short term target at 17.37. Summary: GDX analysis remains bearish for the bigger picture, but now strong bullish divergence and a little weakness in volume today suggest another bounce here or very soon....
by Lara | Sep 3, 2018 | Gold |
With New York closed because of Labor Day, the markets were quiet. A very small range day closes as a small inside doji candlestick, which does not alter this analysis. Summary: Analysis of GDX, which is bearish, supports the combination wave count for Gold; with...
by Lara | Aug 14, 2018 | Gold |
Downwards movement continues for both Gold and GDX as last analysis expected. A new target is calculated for Gold. Targets for GDX remain the same. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning...
by Lara | Aug 11, 2018 | Gold |
The short term Elliott wave structure and strong volume for Friday indicate the direction for next week. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning December 2016). The target is at 16.10. The...
by Lara | Jun 18, 2018 | Gold |
A small inside day sees the Elliott wave count remain the same. Summary: Look for price, if it gets down that low, to find very strong support about the lower (2)-(4) trend line, which is drawn on all main wave count charts. Always trade with stops to protect your...
by Lara | Jun 13, 2018 | Gold |
An outside day closes green, and the balance of volume is upwards. This fits expectations for the main Elliott wave count. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics suggest a low may be in place here or very soon. If...
by Lara | May 21, 2018 | Gold |
The main Elliott wave count expected upwards movement to begin the new trading week. The session began with a slight new low, and then price strongly rebounded to print a green candlestick with a very long lower wick. Summary: The target is now 1,411. Triple bullish...
