by Lara | Feb 23, 2017 | Gold |
An upwards day with some increase in volume has broken above resistance. The main Elliott wave count was invalidated and the alternate Elliott wave count was confirmed. Summary: An upwards breakout has some support from volume, but there is enough concern that it may...
by Lara | Feb 21, 2017 | Gold |
Gold is still range bound. Classic analysis, with a heavy reliance on volume analysis, is used to determine probability of the main versus alternate Elliott wave counts today. Summary: Gold has now been range bound for nine sessions. Resistance is at 1,245 and support...
by Lara | Feb 8, 2017 | Gold |
Another upwards day sees the main and alternate Elliott wave counts switched over. What is now the alternate Elliott wave count still remains viable. It illustrates the risk today to trading based upon the main Elliott wave count. Summary: Probability has shifted...
by Lara | Jan 9, 2017 | Gold, Gold Historical |
Gold has had a trend change. How high this next wave goes and what structure it takes will indicate which Elliott wave count at the monthly chart level may be correct. Summary: Gold is in a new bull trend. In the short term, a downwards correction should be expected...
by Lara | Dec 21, 2016 | Gold |
A small inside day fits the preferred expectations for Gold, but all Elliott wave counts still remain valid. Targets remain the same. Summary: It still looks like another new low may unfold before Gold either turns or begins a time consuming consolidation. The target...
by Lara | Dec 6, 2016 | Gold |
Price has moved sideways to complete a very small inside day. The analysis is essentially unchanged. Summary: It looks like Gold is finding a low. Confidence in a trend change would come with a new high above 1,232.48. Double divergence now with RSI strongly indicates...
by Lara | Nov 23, 2016 | Gold |
The main Elliott wave count was invalidated with a new low below 1,204.05, and the target at 1,203 was inadequate for the alternate Elliott wave count. Summary: Another strong downwards day has support from volume, and indicators suggest the trend is down. A new low...
by Lara | Nov 17, 2016 | Gold |
A short, quick downwards wave was expected for Thursday’s session. A red daily candlestick fits this expectation. Summary: Look out for a trend change for Gold and the start of a new upwards wave to new highs, which may last about six months. The target for...
by Lara | Nov 15, 2016 | Gold |
Yesterday’s Elliott wave and classic technical analysis expected some sideways / upwards movement for Thursday, which is exactly what happened. Price has found resistance right at the trend line on the daily chart. Summary: A short, quick wave down to a new low...
