by Lara | Dec 20, 2019 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – December 20, 2019 Sideways movement has continued all week. On Balance Volume is squeezed between contracting trend lines. A breakout must now come in a very few sessions. On Balance Volume may either precede...
by Lara | Dec 5, 2019 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – December 5, 2019 Upwards movement has halted almost right at the lower edge of a triangle trend line. The breakout had support from volume and so some confidence may still be had in it. The target remains the...
by Lara | Nov 28, 2019 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – November 28, 2019 A very small range inside day sees the wave count unchanged. Summary: The downwards trend may resume. The Elliott wave target is at 1,348. A target calculated from the triangle is about...
by Lara | Nov 14, 2019 | Gold |
Bounce was expected to end about 1,472. Price has continued higher to reach 1,473.35 for this session. Summary: This bounce may be over here. If it continues any higher, then it may be for only one more day. It may end about 1,480, where the lower triangle trend line...
by Lara | Nov 8, 2019 | Gold |
More downwards movement was expected for Friday, which is what has happened. The weekly candlestick strongly suggests the main Elliott wave count is more likely. Summary: The Elliott wave target is at 1,348. A target calculated from the adjusted triangle is about...
by Lara | Nov 6, 2019 | Gold |
Price remains range bound and a triangle remains valid. The short-term volume profile still suggests the same direction for a breakout. Summary: For the very short term, a new low below 1,482.52 adds a little confidence in a more bearish outlook. A new low below...
by Lara | Oct 23, 2019 | Gold |
There has been no breakout yet. The target from the pennant and the Elliott wave targets remain the same. Summary: A downwards breakout may happen soon. A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be...
by Lara | Oct 17, 2019 | Gold |
Another small range day remains within a consolidation zone. Three daily Elliott wave counts remain valid. Today volume and ATR suggest a direction for tomorrow. Summary: A downwards breakout may happen in the next day or so. A new low below 1,456.64 would provide...
by Lara | Oct 15, 2019 | Gold |
The main wave count expected downwards movement for the last session, which is what has happened. All three daily Elliott wave counts remain valid as price remains range bound. Summary: A new low below 1,456.64 would provide confidence that the downward trend has...
