by Lara | Dec 4, 2017 | Gold |
Downwards movement was expected as fairly likely for Monday’s session. An inside day is complete; price has mostly moved sideways. This changes the short term picture. The classic triangle pattern is identified; a breakout may come about 73% to 75% of the...
by Lara | Nov 21, 2017 | Gold |
A little upwards movement fits the second Elliott wave count again quite nicely. This preferred wave count expects some more sideways movement, and then a breakout from the range Gold has been contained in now for some weeks. Summary: Members please note: the second...
by Lara | Nov 18, 2017 | Gold |
All three hourly Elliott wave counts expected upwards movement, which is what happened on Friday. Summary: Price may continue to move sideways in an ever decreasing range for another one to three weeks. An upwards swing may continue here to end about resistance at...
by Lara | Nov 13, 2017 | Gold |
Volume will be relied upon strongly today to judge the next most likely direction for Gold. Summary: An upwards swing is expected to continue here to end about resistance at 1,305 to 1,310. Along the way up, there may be another small sideways movement to last one to...
by Lara | Nov 11, 2017 | Gold |
Downwards movement remains above the invalidation points on the daily charts. Price remains within the consolidation zone which it entered back on the 27th of September. Price does not move in straight lines within consolidations, and Friday’s strong downwards...
by Lara | Nov 9, 2017 | Gold |
Upwards movement continues as expected for this analysis. On Balance Volume today gives an important signal that will be given reasonable weight in this analysis. Summary: On Balance Volume gives a bullish signal today; have confidence now that price should follow...
by Lara | Nov 8, 2017 | Gold |
Upwards movement was expected for both Elliott wave counts. A higher high and a higher low with a green daily candlestick for the session fits expectations. Summary: An upwards swing is expected to continue here to end about resistance at 1,305 to 1,310. Along the way...
by Lara | Oct 26, 2017 | Gold |
Price continued lower changing the Elliott wave count for the short term. Hourly charts today will show all movement from the last swing high on the 16th of October. Summary: While price remains above 1,260.72, this downwards movement could still be a second wave...
by Lara | Sep 19, 2017 | Gold |
A small inside day sees the target for one of the two Elliott wave counts adjusted. This new target is now closer to the target for the other Elliott wave count. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at...
