by Lara | Aug 28, 2019 | Gold |
Price continues sideways. Targets remain the same. Summary: Sideways movement now looks like a small interruption within an ongoing upwards trend that is very extreme and overbought. If price makes a new high above 1,552.65, then the next target would be at 1,572 A...
by Lara | Aug 8, 2019 | Gold |
Both Elliott wave counts have targets which expect more upwards movement. A small range inside day does not change the expectation. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a...
by Lara | Aug 6, 2019 | Gold |
A little more upwards movement fits the bullish wave count better, but both Elliott wave counts remain valid. Support has held. Summary: There remains an upwards trend in place at the weekly chart level. Conditions remain very extreme. This market is still susceptible...
by Lara | Jul 17, 2019 | Gold |
Downwards movement was expected to end within a very few hours after last analysis was published and thereafter to be followed by an upwards breakout. Today price has closed above the upper edge of the pennant pattern, but a lack of support from volume so far is...
by Lara | Jul 15, 2019 | Gold |
A small range day remains within the trend lines of the pennant pattern. The target remains the same. The breakout is expected within the next one to two sessions. Summary: After the breakout from multi year resistance on 20th June, price has curved around to back...
by Lara | Jun 23, 2019 | Gold |
All three Elliott wave counts remain valid and two short-term scenarios are considered for members today on hourly charts. Overall, all three Elliott wave counts expect the same direction next but targets differ. Summary: A shallow consolidation or a pullback to test...
by Lara | Jun 20, 2019 | Gold |
Today Gold may be in the process of a classic upwards breakout from a multi-year consolidation. If this session closes above 1,374.91 (the July 2016 high) on an upwards day with support from volume, then have confidence in the breakout. Today I have three Elliott wave...
by Lara | Jun 1, 2019 | Gold |
An upwards breakout fits the alternate Elliott wave count. Summary: An upwards breakout on Friday has support from volume. The target is just above 1,346. A new high above 1,311.40 would add confidence that an upwards trend to move above 1,346.45 is underway. Grand...
by Lara | May 29, 2019 | Gold |
Price continues to move sideways. The short-term structure fits the main hourly Elliott wave count best. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout this week may still be more likely. The target would then be at 1,219 (which...
