by Lara | May 23, 2018 | Gold |
An outside day fits both short term Elliott wave counts. On Balance Volume should give a signal in one or two more sessions. This may add a little clarity to the short term expectations. Summary: The target is now 1,411. Triple bullish divergence between price and...
by Lara | May 21, 2018 | Gold |
The main Elliott wave count expected upwards movement to begin the new trading week. The session began with a slight new low, and then price strongly rebounded to print a green candlestick with a very long lower wick. Summary: The target is now 1,411. Triple bullish...
by Lara | May 3, 2018 | Gold |
Upwards movement continues as expected. Summary: It still looks like a low is in place. Price closed within support and Stochastics is oversold and exhibits bullish divergence. Expect an upwards swing at least, and likely an upwards breakout from the consolidation...
by Lara | Apr 28, 2018 | Gold |
At least two different structures for this consolidation remain valid. The target remains the same. Summary: For the short term, price may move higher to begin the new week to above 1,332.34 but not above 1,333.84. Alternatively, it may just move sideways for a few...
by Lara | Apr 26, 2018 | Gold |
Downwards movement towards the target continues exactly as expected. Summary: The target zone for this downwards swing to end is now at 1,306 to 1,302. It may end tomorrow. At its end this downwards swing may offer a very good entry point for a long position prior to...
by Lara | Apr 24, 2018 | Gold |
Last analysis expected that a small bounce may have begun. A green daily candlestick today fits this expectation exactly. Summary: The target zone for this downwards swing to end is now at 1,306 to 1,302. The bounce which unfolded today may be complete. If it is not...
by Lara | Apr 19, 2018 | Gold |
Downwards movement has unfolded as expected. Price remains within the channel on the hourly chart. This channel will continue to be very important. Summary: Overall, still expect a downwards swing from here to support. When the channel on the hourly chart is breached...
by Lara | Apr 17, 2018 | Gold |
Overall, downwards movement was expected for this week. This is now what is happening. A channel may now be drawn on the hourly chart that may be useful for resistance. Summary: Expect a downwards swing from here to support. The target is at 1,306. Do not expect this...
by Lara | Apr 5, 2018 | Gold |
Downwards movement continues as expected, which is choppy and overlapping, which was also expected. Summary: Expect this downwards swing to continue to support, which is at about 1,310 to 1,305. The target is at 1,312, which is now just above the support zone. Do not...
