by Lara | Dec 6, 2019 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – December 6, 2019 The downwards trend may have resumed with a strong downwards day on Friday, although for the very short term a little more upwards movement was expected but did not happen. Overall, for the...
by Lara | Nov 19, 2019 | Gold
A bounce was expected to continue on up towards a short-term target at 1,483. Price has continued higher reaching 1,475.05. Summary: The bounce may now be over and the downwards trend may resume. The Elliott wave target is at 1,348. A target calculated from the...
by Lara | Oct 28, 2019 | Gold
Downwards movement sees price remain below resistance and within a triangle pattern. All three Elliott wave counts remain the same. Summary: For the very short term, a new low below 1,481.55 would add confidence in a more bearish outlook. The target would be at 1,348....
by Lara | Oct 4, 2019 | Gold
Downwards movement for Friday was weak. A new alternate bearish Elliott wave count is developed today that expects Gold and Silver to move together. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target...
by Lara | Sep 12, 2019 | Gold
A new high above 1,503.29 indicated a short-term bounce. The high for the session thereafter was reached at 1,521.27. Summary: The situation is unclear for the short term. The bounce may continue up to about 1,529 before the downwards trend resumes, or price may...
by Lara | Aug 21, 2019 | Gold
A small range inside day continues a possible pennant pattern. The target calculated from the flag pole remains the same. Summary: Overbought and extreme conditions can return and can continue while price moves a considerable distance further, or a trend change may...
by Lara | Jul 30, 2019 | Gold
Currently, price is bound by support and resistance. The preferred Elliott wave count sees this consolidation as a B wave that is incomplete. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a sideways consolidation...
by Lara | Jul 8, 2019 | Gold
A small range inside day leaves all three Elliott wave counts valid. Summary: A strong downwards day for Friday with a strong push from volume suggests the back test may be incomplete (or the bearish Elliott wave count may be correct). Look out now for another test of...
