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...
by Lara | Jun 19, 2019 | Gold |
Gold price is still rising and is now close to the invalidation point for the main Elliott wave count. All three Elliott wave counts remain valid at this stage, but we may soon be closer to some clarity regarding this B wave. Summary: A high may come soon now for...
