by Lara | Aug 16, 2018 | Gold |
More downwards movement for both Gold and GDX has unfolded exactly as expected. The short term target for GDX was 18.17. A low today for GDX at 18.15 met and slightly exceeded the target. Summary: With support from volume, GDX has effected a downwards breakout from a...
by Lara | Jul 26, 2018 | Gold |
Downwards movement remains above the invalidation point on the hourly Elliott wave count. Three short term Elliott wave counts are presented today. Summary: This analysis is bullish at the weekly chart level, but it is possible that a new low to about 1,211 may occur...
by Lara | Jul 25, 2018 | Gold |
A new high very slightly above 1,234.67 now adds confidence to the main Elliott wave count. An alternate Elliott wave count is still considered. Summary: It still is reasonably likely that a low is in place for Gold for the short to mid term. A bounce up now to about...
by Lara | Jul 10, 2018 | Gold |
Some downwards movement for the short term was expected for Tuesday’s session, which is exactly what has happened. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways consolidation to last one to two weeks,...
by Lara | Jun 23, 2018 | Gold |
A small bounce was expected for Friday. A small green daily candlestick moves price slightly higher, fitting expectations. Summary: The triangle wave count is now preferred. Next week may begin with a small bounce up to about 1,279, which may last a very few days....
by Lara | May 28, 2018 | Gold |
With New York closed for Memorial Day, a quiet session saw price move a little lower but remain above the invalidation point on the hourly chart. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and now a cluster of long lower...
by Lara | May 23, 2018 | Gold |
An outside day fits both short term Elliott wave counts. On Balance Volume should give a signal in one or two more sessions. This may add a little clarity to the short term expectations. Summary: The target is now 1,411. Triple bullish divergence between price and...
by Lara | Apr 28, 2018 | Gold |
At least two different structures for this consolidation remain valid. The target remains the same. Summary: For the short term, price may move higher to begin the new week to above 1,332.34 but not above 1,333.84. Alternatively, it may just move sideways for a few...
by Lara | Apr 26, 2018 | Gold |
Downwards movement towards the target continues exactly as expected. Summary: The target zone for this downwards swing to end is now at 1,306 to 1,302. It may end tomorrow. At its end this downwards swing may offer a very good entry point for a long position prior to...
