by Lara | Jan 15, 2020 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – January 15, 2020 Price is now moving sideways as the main Elliott wave count and one alternate Elliott wave count expected. A consolidation may last a Fibonacci duration. Summary: A consolidation to last a...
by Lara | Jan 14, 2020 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – January 14, 2020 Downwards movement has almost reached the lower edge of the narrow channel on the daily chart, where the main Elliott wave count expects support. Summary: A consolidation to last either a...
by Lara | Dec 17, 2019 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – December 17, 2019 Both price and On Balance Volume are at resistance. Volume today supports the main Elliott wave count. Summary: The downwards trend may resume to new lows. The Elliott wave target is at...
by Lara | Dec 16, 2019 | Gold, Gold Historical |
GOLD: Elliott Wave and Technical Analysis | Charts – December 16, 2019 Price continues sideways. There has as yet been no breakout. Today monthly charts are updated. Summary: The downwards trend may resume to new lows. The Elliott wave target is at 1,348. A...
by Lara | Nov 11, 2019 | Gold |
Price continues lower as the main Elliott wave count expected. Summary: The Elliott wave target is at 1,348. A target calculated from the adjusted triangle is about 1,431. For the very short term, a new high above 1,514.29 would add some confidence in a more bullish...
by Lara | Nov 8, 2019 | Gold |
More downwards movement was expected for Friday, which is what has happened. The weekly candlestick strongly suggests the main Elliott wave count is more likely. Summary: The Elliott wave target is at 1,348. A target calculated from the adjusted triangle is about...
by Lara | Oct 18, 2019 | Gold |
A small range inside week leaves all three Elliott wave counts valid. At the end of the week, a classic pennant pattern looks to be forming. The flag pole is used to calculate a target. Summary: A downwards breakout may happen next week. A new low below 1,456.64 would...
by Lara | Oct 17, 2019 | Gold |
Another small range day remains within a consolidation zone. Three daily Elliott wave counts remain valid. Today volume and ATR suggest a direction for tomorrow. Summary: A downwards breakout may happen in the next day or so. A new low below 1,456.64 would provide...
by Lara | Sep 26, 2019 | Gold |
More downwards movement was expected. Price has moved very slightly lower to complete a small range day, which remains well below the short-term invalidation point. Summary: A short-term target may now be at 1,464 or 1,420. A classic analysis target using the flag...
