by Lara | Nov 7, 2017 | Gold |
A small range inside day sees the Elliott wave analysis remain the same. Volume for GDX offers a clue as to the next direction for price in the short term. Summary: An upwards swing is expected to continue here to end about resistance at 1,305 to 1,310. Along the way...
by Lara | Nov 3, 2017 | Gold |
Downwards movement at the end of Friday’s session still remains within the consolidation zone that began back in late September. Summary: While an upwards swing within a small consolidation zone is still expected as most likely here to about 1,308, it is...
by Lara | Sep 29, 2017 | Gold |
A short term bounce was expected to continue for Friday. Price made a higher high and a higher low fitting the definition of upwards movement. The Elliott wave counts for this week nicely predicted price action. Summary: The bigger picture sees a pullback continue...
by Lara | Sep 6, 2017 | Gold |
A small correction finds support exactly where expected, at the upper edge of the base channel. Summary: Each time support is found is another opportunity to join the upwards trend. The low today was a perfect opportunity. The target is now about 1,375, or just below....
by Lara | Aug 15, 2017 | Gold |
Downwards movement continued as expected for Tuesday. The target at 1,275 was passed and price remains above the invalidation point on the hourly chart and still within the channel. Summary: A new target for this pullback to end is 1,266, at the lower edge of the blue...
by Lara | Jul 11, 2017 | Gold |
Yesterday’s hourly chart expected a bounce to about 1,218. The high for the session was 1,217.79. Summary: The trend is still most likely down. In the short term, a bounce is either over here or may continue higher for another day. If price makes a new high by...
by Lara | May 2, 2017 | Gold |
Price moved slightly lower, which was not what the main wave count expected, but it was allowed for. No confirmation of a trend change has yet been seen. Summary: The upwards trend should resume here or very soon. Confidence may be had in this expectation if price...
by Lara | Mar 25, 2017 | Gold |
Downwards movement for a pullback was expected for Friday’s session. A lower low and a lower high is the definition of downwards movement, and this is what was seen for Friday. Summary: Another pullback looks most likely to be underway. The target is now about...
by Lara | Mar 9, 2017 | Gold, Gold Historical |
Price continues to move lower towards the target as expected. Summary: The bottom line for the short term is that while price remains within the channels on the hourly charts expect it to continue to fall. It is entirely possible that my targets could be wrong and...
