by Lara | Mar 6, 2019 | Gold |
A small range day fits the overall expectation for the Elliott wave count. 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 1,160.75. For the short term, minor wave 1 may...
by Lara | Feb 13, 2019 | Gold |
An outside day remains range bound. A breakout from this consolidation is required to indicate the next trend. Summary: A new high on an upwards day with support from volume would be a classic upwards breakout. If that happens, then the target is at 1,338. A new low...
by Lara | Feb 12, 2019 | Gold |
A small range inside day leaves all Elliott wave counts unchanged today. Summary: A new high on an upwards day with support from volume would be a classic upwards breakout. If that happens, then the target is at 1,338. A new low now below 1,302.62 would indicate a...
by Lara | Jan 22, 2019 | Gold |
Fibonacci ratios are used with the Elliott wave count to calculate targets for a final high. Summary: The first target for upwards movement to end is now at 1,300, which may be met within a very few days. Thereafter, a huge trend change is expected: a new wave down to...
by Lara | Jan 21, 2019 | Gold |
A little more downwards movement remains within the current consolidation zone. Only one hourly Elliott wave count now remains, giving some clarity on the structure of the correction. Summary: A fourth wave may end within the next few hours. The target for one final...
by Lara | Dec 19, 2018 | Gold |
Price continues to behave as the preferred Elliott wave count expects, and the short-term target remains the same. Only three weekly Elliott wave counts remain. Summary: The next target is 1,295. Look out for a possible further increase in upwards momentum and volume...
by Lara | Dec 18, 2018 | Gold |
Upwards movement continues as the preferred Elliott wave count expects. A slight new high now changes the Elliott wave structure for two of the four Elliott wave counts. Summary: The mid-term target is 1,295. The final target for this bounce to end is about 1,305...
by Lara | Nov 27, 2018 | Gold |
A continuation of downwards movement was expected for the short term. With the 0.382 Fibonacci ratio passed, the 0.618 Fibonacci ratio is a new target. Summary: For the very short term, this pullback may end about 1,209. Thereafter, the upwards trend may resume. The...
by Lara | Nov 26, 2018 | Gold |
Downwards movement was expected to begin the new trading week. An inside day closes red, which mostly fits expectations. Summary: For the very short term, another pullback to about 1,217 may unfold before upwards movement resumes. The target for the short term is...
