by Lara | Aug 22, 2018 | Gold |
Upwards or sideways movement was again expected for both Gold and GDX. A small doji candlestick that moved price slightly higher on both fits this expectation. Summary: It is again possible for Gold that a low may be in place, but this needs some confirmation with a...
by Lara | Aug 16, 2018 | Gold |
More downwards movement for both Gold and GDX has unfolded exactly as expected. The short term target for GDX was 18.17. A low today for GDX at 18.15 met and slightly exceeded the target. Summary: With support from volume, GDX has effected a downwards breakout from a...
by Lara | Aug 14, 2018 | Gold |
Downwards movement continues for both Gold and GDX as last analysis expected. A new target is calculated for Gold. Targets for GDX remain the same. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning...
by Lara | Jul 31, 2018 | Gold |
Upwards movement was expected for the main daily Elliott wave count, which today has some support from volume analysis. Summary: A new high now above 1,234.76 would add reasonable confidence that a low is in place, but prior to that it will remain possible that a new...
by Lara | Jul 25, 2018 | Gold |
A new high very slightly above 1,234.67 now adds confidence to the main Elliott wave count. An alternate Elliott wave count is still considered. Summary: It still is reasonably likely that a low is in place for Gold for the short to mid term. A bounce up now to about...
by Lara | Jul 14, 2018 | Gold |
A little more downwards movement for Friday was not expected. Price still remains well within the allowable range for this small consolidation, for which there are still multiple Elliott wave structures. Summary: A multi day to multi week consolidation is likely still...
by Lara | Jun 23, 2018 | Gold |
A small bounce was expected for Friday. A small green daily candlestick moves price slightly higher, fitting expectations. Summary: The triangle wave count is now preferred. Next week may begin with a small bounce up to about 1,279, which may last a very few days....
by Lara | Jun 18, 2018 | Gold |
A small inside day sees the Elliott wave count remain the same. Summary: Look for price, if it gets down that low, to find very strong support about the lower (2)-(4) trend line, which is drawn on all main wave count charts. Always trade with stops to protect your...
by Lara | May 31, 2018 | Gold |
Another upwards day fits expectations, but the technicals are a concern for the very short term. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and now a cluster of long lower candlestick wicks, suggest a low may be in place...
