by Lara | Nov 5, 2018 | Gold |
Another small range day fits short-term expectations. All Elliott wave counts remain valid. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at 1,201.14. This week may see a downwards swing...
by Lara | Nov 3, 2018 | Gold |
A small inside day leaves all Elliott wave counts unchanged. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at 1,201.14. Next week may see a downwards swing which could be the last swing...
by Lara | Oct 11, 2018 | Gold |
An upwards day with support from volume breaks above resistance. Resistance zones will be used as targets. Summary: A short term target is about 1,287. Tomorrow may begin with a small sideways consolidation for a fourth wave, then be followed by more upwards movement....
by Lara | Oct 10, 2018 | Gold |
Another small range day remains within the consolidation zone. On Balance Volume remains range bound and may give a signal within a very few days. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is still a downwards day that has...
by Lara | Oct 2, 2018 | Gold |
The ascending triangle pattern has not resulted in a clear breakout, so it is discarded. Four Elliott wave counts remain valid. Two hourly charts are provided for members today. Summary: Price is range bound with resistance about 1,220 and support about 1,185....
by Lara | Oct 1, 2018 | Gold |
Upwards movement was expected to be limited, and so far this is what is happening. Summary: There are at this time multiple alternate wave counts because of the expectation that a cycle degree b wave is unfolding. At this time, it may be best to use classic technical...
by Lara | Sep 10, 2018 | Gold |
For the short term, the two preferred Elliott wave counts (combination and triangle) expected downwards movement to begin the new trading week. So far that is what is happening. Summary: The trend is down and may not be complete for Gold. Expect some more downwards...
by Lara | Sep 8, 2018 | Gold |
All four Elliott wave counts are reviewed in today’s end of week analysis. Summary: The trend is down and may not be complete for Gold. Expect some more downwards movement next week, although it is possible price may move sideways for another week or so to...
by Lara | Aug 17, 2018 | Gold |
GDX and Gold both continued lower for the week as expected. With Gold now having developed an extreme downwards trend, candlestick reversal patterns may be used as warnings that the trend may either end or be interrupted by a consolidation to relieve extreme...
