by Lara | Nov 15, 2019 | Gold
A bounce was expected to most likely be over. An inside day with overall downwards movement within the session fits this expectation. Summary: The downwards trend may resume next week. The Elliott wave target is at 1,348. A target calculated from the triangle is about...
by Lara | Oct 24, 2019 | Gold
Price remains within the pennant trend lines and below resistance. All three Elliott wave counts remain valid. Today volume suggests the bearish alternate or bullish wave counts may be more likely. Summary: A new low below 1,456.64 would provide confidence that the...
by Lara | Oct 2, 2019 | Gold
A little more upwards movement for the very short term was expected to about 1,492. Upwards movement did continue but more than expected, reaching 1,504.08. Price remains below invalidation points. Summary: The downwards trend may resume. The next short-term target...
by Lara | Sep 10, 2019 | Gold
An upwards swing was expected for the short term, but price continues to fall. Overall, both Elliott wave counts have expected downwards movement this week. Summary: For the short term, while price remains within the best fit channel and below 1,503.29, it is safest...
by Lara | Aug 19, 2019 | Gold
To start the new week downwards movement was expected for both bullish and bearish Elliott wave counts. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable distance further, or...
by Lara | Jul 27, 2019 | Gold, Gold Historical
At the end of this week, it is time to review monthly charts for Gold. Three Elliott wave counts are published for monthly charts. Summary: There remains an upwards trend in place at the weekly chart level. This week looks like a counter trend movement. However, the...
by Lara | Jul 4, 2019 | Gold
Another small range day while New York is closed for the 4th of July leaves the Elliott wave counts unchanged. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up strongly from there. The bounce looks strong enough to...
by Lara | Jun 11, 2019 | Gold
A long lower wick on today’s daily candlestick supports the short-term outlook for both Elliott wave counts. Summary: Friday’s high may have been the end of cycle wave b triangle. A downwards breakout may be beginning. A new target is at 1,014. Thereafter,...
