by Lara | Dec 11, 2017 | Gold |
Downwards movement continues exactly as expected towards the Elliott wave target, and price remains below the short term invalidation point on the hourly chart. The channel on the hourly chart is redrawn, and it should be used to indicate when this downwards wave is...
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 | Sep 14, 2017 | Gold |
A little more downwards movement was allowed for and was expected to find very strong support at a long term trend line. This is what appears to be happening today with price bouncing strongly up off the line. Summary: This is my favourite trade set up: a breach of an...
by Lara | Aug 23, 2017 | Gold |
Upwards movement for Wednesday’s session has unfolded as expected from both the main and alternate Elliott wave counts. Summary: Upwards movement may end this week below 1,315.81. Thereafter, there may be a sharp trend change and a violent downwards movement....
by Lara | Aug 12, 2017 | Gold |
Price was expected to fall for Friday, but it moved slightly higher. Summary: A pullback may end on Monday or Tuesday about 1,275. If this is how price behaves, it may offer us an entry opportunity to join the upwards trend. The final target is now at 1,320. Always...
by Lara | Jul 3, 2017 | Gold |
A downwards breakout was expected for Monday or Tuesday. A new low reasonably below 1,237.06 was the price point which provided confirmation. This happened quickly on Monday. Summary: Members who entered short when price moved below 1,237.06 should now consider taking...
by Lara | Jun 17, 2017 | Gold |
Upwards movement was limited to no higher than 1,266.43. A small inside day had its high at 1,257.12. Summary: Monday may see price continue sideways for a little bit longer. Thereafter, it should fall. The next wave down may be limited to no longer than 27.23, which...
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....