by Lara | Nov 12, 2019 | Gold
Price keeps falling towards the Elliott wave target and the target calculated from the classic triangle pattern. Summary: For the very short term, look out for a small bounce to about 1,472 or to test the lower triangle trend line (daily technical analysis chart). The...
by Lara | Oct 21, 2019 | Gold
A small range day remains within the pennant trend lines. Targets remain the same. Summary: A downwards breakout may happen this week. A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be at 1,420 (Elliott...
by Lara | Sep 27, 2019 | Gold
Again, downwards movement was expected. For the short term, a bounce was expected to begin about the lower edge of the channel on hourly charts. This is what happened at the end of Friday’s session after downwards movement. Summary: A short-term target may now...
by Lara | Sep 5, 2019 | Gold
Yesterday’s analysis expected a downwards swing to begin, which is exactly what has happened. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend remains very extreme and overbought. The risk of a...
by Lara | Aug 14, 2019 | Gold
An inside day leaves both bullish and bearish Elliott wave counts the same. A new short-term hourly chart is provided. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable...
by Lara | Jul 23, 2019 | Gold
Another small range day remains above support. Both Elliott wave counts remain valid. 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...
by Lara | Jun 28, 2019 | Gold
Price remains below the invalidation point on the preferred hourly Elliott wave chart. At the end of this week, volume suggests the direction for next week. Summary: A high may now be in place earlier than expected for the bearish Elliott wave count. Price may...
by Lara | Jun 6, 2019 | Gold
An inside day with relatively weak volume fits the expectations for some consolidation after a blow off top. The final target zone remains the same. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up, one more small...
