by Lara | Nov 6, 2018 | Gold |
Price remains within an identified consolidation zone. A new hourly Elliott wave count is considered for the very short-term picture. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at...
by Lara | Oct 12, 2018 | Gold |
A small sideways consolidation was expected to unfold for a fourth wave. This is exactly what is happening. Summary: The sideways consolidation may continue for another one to two days. It may reach as low as 1,210, but should not move below 1,207.78. Thereafter,...
by Lara | Oct 3, 2018 | Gold |
Price remains range bound. On Balance Volume may give a signal in the next very few days. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is an upwards day now that has the strongest volume within the consolidation, suggesting an...
by Lara | Sep 11, 2018 | Gold |
Downwards movement continues to unfold slowly as both Elliott wave counts expect, at least for the short term. Summary: The trend is down and may not be complete for Gold. Expect some more downwards movement this week, although it is possible price may move sideways...
by Lara | Aug 20, 2018 | Gold |
Upwards movement was expected to begin the week for both Gold and GDX. This is exactly what has happened. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning December 2016). The long term target is at...
by Lara | Jul 28, 2018 | Gold |
The main hourly Elliott wave count for Friday expected a new low at least slightly below 1,218.61 but not below 1,212.11. A new low to 1,217.68 fits this expectation very well. The alternate daily Elliott wave count remains valid. Summary: A new high now above...
by Lara | Jul 23, 2018 | Gold |
Upwards movement has unfolded for Monday although the candlestick closes red. Upwards movement is what was expected. Summary: It still looks very likely that a low is in place for Gold for the short to mid term. A bounce up now to about 1,307 is expected to last a few...
by Lara | Jul 11, 2018 | Gold |
More downwards movement was expected for Wednesday’s session, which is exactly what happened. Summary: A multi day to multi week consolidation is likely still unfolding. It may be a sideways consolidation to last one to two weeks, remaining below 1,282.20. At...
by Lara | Jul 9, 2018 | Gold |
A small upwards day to just above 1,265 fits expectations for the short term. 1,265 was expected to be about where upwards movement may find resistance. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways...
