by Lara | Nov 28, 2019 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – November 28, 2019 A very small range inside day sees the wave count unchanged. Summary: The downwards trend may resume. The Elliott wave target is at 1,348. A target calculated from the triangle is about...
by Lara | Nov 26, 2019 | Gold |
Downwards movement was expected to continue. A lower low and a higher high completes an outside day, which overall fits expectations. Price remains below the short-term Elliott wave invalidation point. Summary: The downwards trend may resume. The Elliott wave target...
by Lara | Nov 6, 2019 | Gold |
Price remains range bound and a triangle remains valid. The short-term volume profile still suggests the same direction for a breakout. Summary: For the very short term, a new low below 1,482.52 adds a little confidence in a more bearish outlook. A new low below...
by Lara | Nov 4, 2019 | Gold |
Price remains within the trend lines of a triangle. All three Elliott wave counts remain valid. Summary: For the very short term, a new low below 1,482.52 would add confidence in a more bearish outlook. The target would be at 1,348. For the very short term, a new high...
by Lara | Oct 15, 2019 | Gold |
The main wave count expected downwards movement for the last session, which is what has happened. All three daily Elliott wave counts remain valid as price remains range bound. Summary: A new low below 1,456.64 would provide confidence that the downward trend has...
by Lara | Oct 11, 2019 | Gold |
Again, downwards movement fits the main Elliott wave count best. Also, at the end of the week, volume supports the main Elliott wave count. All three Elliott wave counts remain valid Summary: A new low below 1,456.64 would provide confidence that the downward trend...
by Lara | Sep 23, 2019 | Gold |
To begin the week a bounce was expected to continue upwards to about 1,529. Upwards movement for Monday has reached 1,525.91. Summary: The bounce may continue up to about 1,529 before the downwards trend resumes. The bearish Elliott wave count expects a new downwards...
by Lara | Sep 19, 2019 | Gold |
A small range day continues a small consolidation pattern. The breakout is still expected in the same direction. Summary: The bounce may be over. A downwards breakout may be imminent. It is also possible but now less likely that the bounce may continue up to about...
by Lara | Aug 30, 2019 | Gold |
Downwards movement has continued as expected after a new high for the week. Summary: It looks increasingly likely that at the end of the week a major high may be in place. The upwards trend reached very extreme and overbought, and there are now candlestick reversal...
