by Lara | May 28, 2019 | Gold |
A reasonably strong downwards day fits the expectation from the main Elliott wave count. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout this week may still be more likely. The target would then be at 1,219 (which may not be low...
by Lara | May 6, 2019 | Gold |
A bounce was expected to continue to start the new week. The target remains the same. Summary: For the short term, look for a bounce to possibly end about 1,289. Use the channels on the daily chart to show where price may find resistance. Thereafter, expect the...
by Lara | Apr 12, 2019 | Gold |
A small range inside day fits short-term expectations for the Elliott wave count. Summary: For the very short term, a little sideways or higher movement may find resistance about 1,298 on Monday. Thereafter, the downwards trend may resume. The Elliott wave target is...
by Lara | Mar 21, 2019 | Gold |
A short-term Elliott wave target for upwards movement to end was calculated yesterday at 1,318 to 1,322. Upwards movement continued to a high at 1,319.80. Summary: Three long-term targets are now calculated for cycle wave c to end. Confidence in a new downwards trend...
by Lara | Feb 27, 2019 | Gold |
Downwards movement continues as the bigger picture for the Elliott wave count expected, although a small bounce up to 1,337 was expected first. Summary: Both a Shooting Star on the weekly chart and an Evening Star on the daily chart indicate a high may be in place....
by Lara | Feb 5, 2019 | Gold |
A channel is used to indicate a trend change. While price remains within the channel, the upwards trend should be assumed to continue. Summary: The next Elliott wave target is at 1,338. The next classic analysis target is at 1,349. Assume the trend remains the same...
by Lara | Jan 14, 2019 | Gold |
Sideways movement continues as both Elliott wave counts expected. Today a small range day remaining well within resistance and support does not change the Elliott wave counts. Summary: A sideways consolidation is now expected for a fourth wave to continue for another...
by Lara | Dec 11, 2018 | Gold |
For the short term, a small pullback was expected to continue. This is exactly what is happening. Summary: For the very short term, a small pullback to about 1,235 may continue, lasting about another 4 days. Support below is at 1,245, 1,240 and 1,235. Thereafter, the...
by Lara | Nov 19, 2018 | Gold |
Upwards movement continues as the preferred Elliott wave count expects. All four weekly Elliott waves counts remain valid. Summary: The target for the short term is 1,295. The final target for this bounce to end is about 1,305 – 1,310. New updates to this...
