by Lara | Jul 25, 2019 | Gold |
A strong downwards day has push from volume, but price remains above support. All three Elliott wave counts remain valid. Summary: A sharp reversal and bearish candlestick pattern on the daily chart at last week’s high puts the breakout in some doubt. Both...
by Lara | Jul 19, 2019 | Gold |
The first target at 1,452 was almost met this week with a high at 1,450.65. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish case has...
by Lara | Jul 17, 2019 | Gold |
Downwards movement was expected to end within a very few hours after last analysis was published and thereafter to be followed by an upwards breakout. Today price has closed above the upper edge of the pennant pattern, but a lack of support from volume so far is...
by Lara | Jul 3, 2019 | Gold |
A small range day remains just below the last high. All Elliott wave counts remain valid. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up strongly from there. The bounce looks strong enough to suggest the back test may...
by Lara | Jun 26, 2019 | Gold |
A little more downwards movement leaves both Elliott wave counts valid. Summary: A high may now be in place earlier than expected for the bearish Elliott wave count. Price may continue higher towards 1,565 for the bullish Elliott wave count. A new low by any amount at...
by Lara | Jun 23, 2019 | Gold |
All three Elliott wave counts remain valid and two short-term scenarios are considered for members today on hourly charts. Overall, all three Elliott wave counts expect the same direction next but targets differ. Summary: A shallow consolidation or a pullback to test...
by Lara | Jun 10, 2019 | Gold |
A strong downwards day indicates the alternate triangle Elliott wave count may be more likely than the main, which differs only for a short-term outlook. The wave counts are switched over today. Summary: Friday’s high may have been the end of cycle wave b...
by Lara | Jun 4, 2019 | Gold |
A small consolidation or pullback was expected to begin within this upwards movement. Today that may have arrived, as the short-term expectation for yesterday’s hourly chart anticipated. Summary: This upwards trend is expected to end above 1,346.45 but not above...
by Lara | Jun 1, 2019 | Gold |
An upwards breakout fits the alternate Elliott wave count. Summary: An upwards breakout on Friday has support from volume. The target is just above 1,346. A new high above 1,311.40 would add confidence that an upwards trend to move above 1,346.45 is underway. Grand...
