by Lara | Jan 22, 2020 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – January 22, 2020 Signals today and yesterday from On Balance Volume support an alternate Elliott wave count. Summary: A consolidation to last a Fibonacci 13 sessions (and so end on the 27th of January) and...
by Lara | Dec 26, 2019 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – December 26, 2019 On the 24th of December On Balance Volume gave a bullish signal with a break above strong resistance. The bearish alternate wave count is now the main wave count. Short-term targets are...
by Lara | Nov 18, 2019 | Gold
A small bounce remains below resistance. The Elliott wave targets remain the same. Summary: This bounce may end in one more session about 1,483. Thereafter, the downwards trend may resume. The Elliott wave target is at 1,348. A target calculated from the triangle is...
by Lara | Oct 25, 2019 | Gold
Price remains range bound at the end of the week. All three Elliott wave counts remain valid, but volume and price now suggest the main and alternate bearish counts should be swapped over. Summary: A new high above 1,515.58 has given a little confidence to a more...
by Lara | Oct 3, 2019 | Gold
Upwards movement has continued and remains below the invalidation point and within the base channel. Today a bullish signal from On Balance Volume prompts a relabelling of the bullish daily Elliott wave count. Summary: A new low below 1,485.43 would provide confidence...
by Lara | Sep 11, 2019 | Gold
A small range inside day leaves both Elliott wave counts the same today. Summary: For the short term, while price remains below 1,503.29, it is safest to assume price will keep falling. If price makes a new high by any amount at any time frame above 1,503.29, then...
by Lara | Aug 20, 2019 | Gold
Price continues to be range bound. A reliable continuation pattern, a pennant, may be forming. The flag pole is used to calculate a target. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves...
by Lara | Jul 29, 2019 | Gold
Price remains range bound. With volume and ATR declining as price moves sideways, this looks like another consolidation within an ongoing trend. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a sideways...
