by Lara | Nov 11, 2019 | Gold
Price continues lower as the main Elliott wave count expected. Summary: The Elliott wave target is at 1,348. A target calculated from the adjusted triangle is about 1,431. For the very short term, a new high above 1,514.29 would add some confidence in a more bullish...
by Lara | Nov 8, 2019 | Gold
More downwards movement was expected for Friday, which is what has happened. The weekly candlestick strongly suggests the main Elliott wave count is more likely. Summary: The Elliott wave target is at 1,348. A target calculated from the adjusted triangle is about...
by Lara | Oct 18, 2019 | Gold
A small range inside week leaves all three Elliott wave counts valid. At the end of the week, a classic pennant pattern looks to be forming. The flag pole is used to calculate a target. Summary: A downwards breakout may happen next week. A new low below 1,456.64 would...
by Lara | Oct 17, 2019 | Gold
Another small range day remains within a consolidation zone. Three daily Elliott wave counts remain valid. Today volume and ATR suggest a direction for tomorrow. Summary: A downwards breakout may happen in the next day or so. A new low below 1,456.64 would provide...
by Lara | Sep 26, 2019 | Gold
More downwards movement was expected. Price has moved very slightly lower to complete a small range day, which remains well below the short-term invalidation point. Summary: A short-term target may now be at 1,464 or 1,420. A classic analysis target using the flag...
by Lara | Sep 25, 2019 | Gold
A bounce was expected to end soon, and the downwards trend was expected to thereafter resume. Strong downwards movement today indicates the bounce is over. Summary: A short-term target may now be at 1,464 or 1,420. A classic analysis target using the flag pattern is...
by Lara | Sep 4, 2019 | Gold
A small range upwards day has failed to close above resistance and exhibits a decline in volume. Three Elliott wave counts now remain valid. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend remains...
