by Lara | Oct 14, 2017 | Gold |
Analysis for the last two days has advised members to assume the trend remains the same, upwards, until proven otherwise. Friday has continued the upwards trend. A new short term target is now calculated. Summary: The trend remains up. The short term target is at...
by Lara | Jun 6, 2017 | Gold |
Upwards movement has invalidated the first weekly chart. With some adjustment, the triangle idea remains valid. Summary: In the short term, expect more upwards movement to a new target at 1,326. Stops may be now at 1,281.94 or just below the green channel on the...
by Lara | Apr 10, 2017 | Gold |
The breakout from a consolidation zone has still not happened. The longer price coils between support and resistance, the more violent the breakout will be. Summary: On Balance Volume at the daily and possibly also weekly chart levels gives bullish signals for Gold....
by Lara | Mar 20, 2017 | Gold |
Sideways movement was again expected for Monday’s session. Price moved slowly higher in a small range, mostly fitting expectations. Summary: A small fourth wave correction may now continue sideways over another one to few days and should remain above 1,211.06....
by Lara | Jan 31, 2017 | Gold |
Downwards movement was expected for Tuesday but did not happen. Price has moved higher but remains below the invalidation point on the hourly Elliott wave count. Summary: A new low below 1,202.90 would add confidence that the downwards pullback has resumed. The next...
by Lara | Jan 24, 2017 | Gold |
A small downwards day remains above the invalidation point on the main hourly Elliott wave count. So far price continues to find support at the lower edge of the channel. Summary: The bottom line is still that it must be accepted there is no indication yet of an end...
