by Lara | Jan 8, 2019 | Gold |
Some downwards movement was expected, which is what has happened. Summary: A sideways consolidation is now expected for a fourth wave to last about 2 to 4 weeks. It may find support about 1,259 and resistance about 1,300. The final target for this bounce to end is...
by Lara | Dec 5, 2018 | Gold |
A little downwards movement was expected to a short-term Elliott wave target about 1,232. Downwards movement for the session reached 1,233.44, just 1.44 short of the target. Summary: The upwards trend may resume. The mid-term target remains the same at 1,295. For the...
by Lara | Nov 13, 2018 | Gold |
More downwards movement was expected. Summary: Look for next support about 1,183. Classic analysis still favours the Combination wave count. A doji candlestick today puts the trend from down into neutral for the time being. Tomorrow’s candlestick will be...
by Lara | Oct 20, 2018 | Gold |
Sideways movement continued at the end of the week, which is what the short term expectation was for the Elliott wave count. Summary: A fourth wave consolidation may end next week; it may reach as low as 1,210, but should not move below 1,207.78. Thereafter, upwards...
by Lara | Sep 18, 2018 | Gold |
A small doji candlestick continues sideways movement. The expected direction for the breakout from this small consolidation is still the same. Summary: A small Elliott wave triangle looks like it may be very close to completion now for Gold. Look out for a downwards...
by Lara | Sep 17, 2018 | Gold |
Sideways movement continues as the preferred Elliott wave count expects. Summary: A small Elliott wave triangle looks like it may be very close to completion now for Gold. Look out for a downwards breakout. When price breaks below the lower edge of the triangle trend...
by Lara | Aug 27, 2018 | Gold |
More upwards movement for the short term was expected for both Gold and GDX. Summary: It is again possible for Gold that a low may be in place, but this needs some confirmation with a new high above 1,216.30. While price remains below 1,216.30, it is possible that...
by Lara | Aug 4, 2018 | Gold |
Downwards movement continued a little further as the main Elliott wave count expected, but fell 8.69 short of the target. Summary: A low may again be in place. Confidence may be had with a new high above 1,265.59. A target for a strong bounce here is about 1,304,...
by Lara | Jul 18, 2018 | Gold |
Price continued lower. Two short term pictures with a clear price point which differentiates them are presented today. Summary: While price remains below 1,247.37, then allow for new lows to the target at 1,216 – 1,211. If price starts to move higher and makes a...
