by Lara | Jun 5, 2019 | Gold |
A sharp upwards spike completes a strong candlestick pattern today, which suggests the next direction for at least a few days. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up, one more small multi day...
by Lara | Jun 4, 2019 | Gold |
A small consolidation or pullback was expected to begin within this upwards movement. Today that may have arrived, as the short-term expectation for yesterday’s hourly chart anticipated. Summary: This upwards trend is expected to end above 1,346.45 but not above...
by Lara | May 14, 2019 | Gold |
More upwards movement was expected. The last daily candlestick makes a higher high and a higher low, which fits this expectation. Summary: There is strength in this upwards movement. The Elliott wave count now expects it to continue to end slightly above 1,346.45 in a...
by Lara | May 13, 2019 | Gold |
A strong upwards day with support from volume sees price break out of the channel on the daily chart. This necessitates a change in the Elliott wave count. Summary: There is strength in this upwards movement. The Elliott wave count now expects it to continue to end...
by Lara | Apr 22, 2019 | Gold |
A small range upwards day moves price higher, but the candlestick closed red. Overall, this fits the Elliott wave count. Summary: For the very short term, a small bounce may end about 1,286. Look for resistance at the neckline of a possible Head and Shoulders pattern...
by Lara | Apr 19, 2019 | Gold |
With New York Stock Exchange closed for Good Friday, there is no new data to analyse for Friday’s session. But the weekly technical analysis is updated in this analysis. Strong signals from On Balance Volume support the Elliott wave count. Summary: The downwards...
by Lara | Mar 29, 2019 | Gold |
Another downwards day with a lower low and a lower high was expected. Summary: For the very short term, a small counter trend bounce may end about either 1,301 or 1,310. Thereafter, the downwards trend should resume. The Elliott wave target is at 1,220. A target...
by Lara | Mar 28, 2019 | Gold |
Downwards movement has unfolded as expected. A clear breach of the channel on the daily chart now adds strong confidence to the preferred Elliott wave count and the next Elliott wave target. Summary: The Elliott wave target is at 1,220. A target calculated using the...
by Lara | Mar 7, 2019 | Gold |
Another small range day and a little more downwards movement overall fits the expectations for the Elliott wave counts. Summary: Three long-term targets are now calculated for cycle wave c to end. Confidence in a new downwards trend may be had with a new low below...
