by Lara | Jan 3, 2020 | Gold
GOLD: Elliott Wave and Technical Analysis | Video – January 3, 2020...
by Lara | Jan 3, 2020 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – January 3, 2020 The main Elliott wave count expected overall upwards movement. Members were warned that upwards movement may exhibit an increase in momentum and volume for a blow off top. This is exactly what...
by Lara | Nov 25, 2019 | Gold |
The downwards trend was expected to resume this week, which is exactly what is happening. Summary: The downwards trend may resume. The Elliott wave target is at 1,348. A target calculated from the triangle is about 1,431. For the very short term, a new swing high...
by Lara | Nov 1, 2019 | Gold |
A little upwards movement reaches resistance at the upper trend line of a small ascending triangle. All three Elliott wave counts remain valid. Summary: For the very short term, a new low below 1,482.52 would add confidence in a more bearish outlook. The target would...
by Lara | Oct 10, 2019 | Gold |
Downwards movement fits the main Elliott wave count best. All three daily Elliott wave charts remain valid. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be at 1,420. A new high above 1,534.62...
by Lara | Sep 18, 2019 | Gold |
Last analysis expected a little more upwards movement. An outside day sees price remain range bound. Summary: The bounce may be over. A downwards breakout may be imminent. It is also possible but now less likely that the bounce may continue up to about 1,529 before...
by Lara | Aug 27, 2019 | Gold |
All three Elliott wave counts remain the same. Summary: Increasing bearishness in classic analysis suggests the risk of at least a short-term high is very high. Look out here for either a trend change or another consolidation/pullback to last several sessions. A...
by Lara | Aug 5, 2019 | Gold |
For the short to mid term, both the main daily chart and the main bullish daily chart expected some more upwards movement. The alternate wave count is today invalidated. Summary: There remains an upwards trend in place at the weekly chart level. Conditions remain very...
by Lara | Jul 12, 2019 | Gold |
A pennant pattern may be completing on the daily chart. A target is calculated from the flag pole. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and back test support about 1,360 to 1,375. That test...
