by Lara | Sep 25, 2019 | Gold |
A bounce was expected to end soon, and the downwards trend was expected to thereafter resume. Strong downwards movement today indicates the bounce is over. Summary: A short-term target may now be at 1,464 or 1,420. A classic analysis target using the flag pattern is...
by Lara | Sep 4, 2019 | Gold |
A small range upwards day has failed to close above resistance and exhibits a decline in volume. Three Elliott wave counts now remain valid. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend remains...
by Lara | Sep 3, 2019 | Gold |
Although the new month has begun with a strong upwards day, price remains range bound and below resistance. Summary: Resistance is currently about 1,565 and support is about 1,525. A close above resistance with support from volume would indicate more upwards movement...
by Lara | Aug 13, 2019 | Gold |
The first target given in yesterday’s analysis on the hourly chart was at 1,532. Price reached 1,533.24 and then turned sharply down. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves...
by Lara | Aug 12, 2019 | Gold |
Upwards movement continued as both Elliott wave counts expected. Targets remain the same. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable distance further, or a trend...
by Lara | Jul 22, 2019 | Gold |
A very small range inside day leaves the Elliott wave counts unchanged. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish case has some...
by Lara | Jul 19, 2019 | Gold |
The first target at 1,452 was almost met this week with a high at 1,450.65. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish case has...
by Lara | Jun 27, 2019 | Gold |
More downwards movement fits the short-term expectation for both Elliott wave counts. Summary: A high may now be in place earlier than expected for the bearish Elliott wave count. Price may continue higher towards 1,565 for the bullish Elliott wave count. A new low by...
by Lara | Jun 26, 2019 | Gold |
A little more downwards movement leaves both Elliott wave counts valid. Summary: A high may now be in place earlier than expected for the bearish Elliott wave count. Price may continue higher towards 1,565 for the bullish Elliott wave count. A new low by any amount at...
