by Lara | Jan 8, 2018 | Gold |
A new high above 1,287.61 switched the analysis to bullish. At that time, two wave counts had a target about 1,308. This target has been exceeded so far up to 1,325.56. Summary: Assume the trend remains up while price remains within the channel on the hourly charts....
by Lara | Oct 27, 2017 | Gold |
Price has remained above 1,260.72 and so far has bounced up a little. Price remains within the channel on the hourly charts, so no trend change is yet indicated. Summary: While price remains above 1,260.72, this downwards movement could still be a second wave...
by Lara | Aug 24, 2017 | Gold |
Another small range inside day suggests a small Pennant may be forming. A new Elliott wave count sees a possible triangle completing. Summary: The breakout for the short term is expected to be upwards after sideways movement ends. It may end before 1,317.52, or it may...
by Lara | Jun 14, 2017 | Gold |
A bounce was expected to end about 1,281. The high for Wednesday’s session fell just 1.94 short of this target to reach 1,279.06. Strong downwards movement was expected following the bounce. Summary: A small third wave down may be beginning. Stops for short...
by Lara | May 10, 2017 | Gold |
A small inside day indicates a small consolidation. Today’s candlestick completes a Harami reversal pattern, but this is not a strong reversal pattern though. An alternate Elliott wave count is provided. Summary: If GDX is again to lead Gold price, then Gold...
by Lara | Apr 14, 2017 | GDX, Gold |
Upwards movement continues and price has remained within the upper half of the channel on the hourly chart, which was expected at this stage. Trading advice is given to members to manage long positions towards the end of this week. Summary: In the short term, a...
by Lara | Apr 6, 2017 | Gold |
An upwards breakout was again expected, but price remains range bound. Summary: Look out for strong upwards movement from both Gold and GDX, which may happen during a price shock instigated by the release of Non Farm Payroll data during tomorrow’s session. The...
by Lara | Apr 3, 2017 | Gold |
Upwards movement was expected for the main Elliott wave count. A new alternate is provided today at the hourly chart level in response to volume analysis for Monday’s session. Summary: It is very concerning that volume today and for Friday does not support...
by Lara | Mar 28, 2017 | Gold |
Downwards movement unfolded for Tuesday’s session as expected. On Balance Volume and the 200 day moving average were enough to turn price down. A new low below 1,252.75 added a little confidence to the expectation. Summary: A pullback to about 1,230 may...
