by Lara | May 17, 2019 | Gold |
Price is now range bound. Two Elliott wave counts are used to map out possible movement and targets after a breakout in either direction. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may be slightly more likely. The target would...
by Lara | May 13, 2019 | Gold |
A strong upwards day with support from volume sees price break out of the channel on the daily chart. This necessitates a change in the Elliott wave count. Summary: There is strength in this upwards movement. The Elliott wave count now expects it to continue to end...
by Lara | May 9, 2019 | Gold |
Downwards movement was expected for Thursday’s session. An inside day sees price remain above identified support and below the Elliott wave invalidation point. Summary: Expect the downwards trend to resume. Look out now for a possible strong increase in...
by Lara | Apr 25, 2019 | Gold |
The very short-term expectation from yesterday’s hourly chart was a small bounce, which is what has happened. Summary: The Elliott wave target is at 1,220. The classic analysis target is at 1,217. Risk is just above the upper edge of the base channel on the...
by Lara | Apr 19, 2019 | Gold |
With New York Stock Exchange closed for Good Friday, there is no new data to analyse for Friday’s session. But the weekly technical analysis is updated in this analysis. Strong signals from On Balance Volume support the Elliott wave count. Summary: The downwards...
by Lara | Apr 17, 2019 | Gold |
Price continues to move lower as all three Elliott wave counts expect. Targets remain the same. Summary: The downwards trend has resumed. There will be bounces and consolidations along the way down. Downwards momentum may now show some increase, and corrections may...
by Lara | Apr 3, 2019 | Gold |
A small amount of upwards movement was expected. Price moved slightly higher. The short-term target remains the same. Summary: For the very short term, a small counter trend bounce may end most likely about 1,301 to 1,305. If price keeps rising through this first...
by Lara | Mar 28, 2019 | Gold |
Downwards movement has unfolded as expected. A clear breach of the channel on the daily chart now adds strong confidence to the preferred Elliott wave count and the next Elliott wave target. Summary: The Elliott wave target is at 1,220. A target calculated using the...
by Lara | Mar 26, 2019 | Gold |
For the short term, a little more upwards movement was expected to unfold as a zigzag. Price remains within the channel on the daily chart. Summary: For the very short term, this bounce is now expected to end about 1,330 to 1,332. Thereafter, a breach of the best fit...
