by Lara | Dec 11, 2019 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – December 11, 2019 Upwards movement today remains within a trading range and below the short-term invalidation point. A flag pattern may be completing. Summary: The downwards trend may resume to new lows. The...
by Lara | Dec 10, 2019 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – December 10, 2019 Two small range days in a counter trend direction look so far like a small counter trend bounce. The target calculated from the triangle pattern remains the same. Summary: The downwards trend...
by Lara | Dec 9, 2019 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – December 9, 2019 A very small range inside day leaves the Elliott wave counts the same. Summary: The downwards trend may resume to new lows. The Elliott wave target is at 1,348. A target calculated from the...
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...