by Lara | Dec 20, 2017 | Gold |
More upwards movement was expected towards a target at 1,268 to 1,270. Price has reached up to 1,266.70, just 1.30 short of the target zone so far. Summary: Upwards movement is either over here or may continue a little higher. If it does continue a little higher, then...
by Lara | Oct 23, 2017 | Gold |
With an invalidation of the main hourly Elliott wave count below 1,276.10, the alternate hourly Elliott wave count now has confidence. Summary: A consolidation for a B wave should complete this week. Short term upwards movement should reach a minimum of 1,302.74....
by Lara | Aug 1, 2017 | Gold |
Upwards movement continues as expected. A downwards whipsaw breached the invalidation point on the hourly chart, which was too close. Summary: The target is 1,277. Use the blue Elliott channel on the daily and hourly charts to indicate when price has turned. Expect...
by Lara | Jul 26, 2017 | Gold |
A pullback was expected when price made a new low below 1,244.28, but it was expected to be a little deeper though: price fell $6 short of the first target at 1,238. The overall trend remains up, which still fits the Elliott wave count. Summary: For now the trend is...
by Lara | Apr 17, 2017 | Gold |
A shallow consolidation was expected for Friday and Monday. Monday completes a doji, which is essentially sideways movement, as expected. Summary: In the short term, a shallow consolidation may unfold for Friday and Monday while NYSE is closed for Easter. Thereafter,...
by Lara | Mar 6, 2017 | Gold |
Price has moved higher but today’s candlestick closed red. There are still at least two hourly Elliott wave counts for the main daily Elliott wave count. The alternate Elliott wave count has reduced in probability. Summary: In the short term, it looks like a...
by Lara | Mar 2, 2017 | Gold |
A strong breach of the base channel on the main hourly Elliott wave count shifted probability from bullish to bearish. The alternate Elliott wave count was then preferred because it expected more downwards movement. Summary: The new main wave count expects a deep...
by Lara | Mar 1, 2017 | Gold |
All three hourly Elliott wave charts yesterday expected some downwards movement to at least 1,240. Thereafter, the main wave count expected a resumption of upwards movement. The low for the session was 1,237.18 and then from there price bounced to close green....
by Lara | Feb 22, 2017 | Gold |
Gold is still range bound. On Balance Volume today is giving a signal for the next direction for Gold. Summary: Gold has now been range bound for ten sessions. Resistance is at 1,245 and support is at 1,220. A downwards breakout still looks more likely than upwards...
