by Lara | Jul 16, 2018 | Gold |
A small inside day fits the idea of a multi day consolidation unfolding. Summary: While price remains within the best fit channel, which is drawn on all hourly charts, then allow for the possibility that the new alternate hourly wave count could be correct. It is...
by Lara | Jun 4, 2018 | Gold |
A slightly lower low and a small range day mostly fits short term expectations. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and a cluster of long lower candlestick wicks, suggest a low may be in place here or very soon....
by Lara | May 4, 2018 | Gold |
Although it is slow, upwards movement continues as expected. The channel on the hourly chart should be useful early next week in providing confidence in the Elliott wave count. Summary: It still looks like a low is in place. Price closed within support and Stochastics...
by Lara | Mar 21, 2018 | Gold |
Yesterday’s analysis stated to look for a turn and a bounce while price remained above support. Price remained above support at 1,305 and a turn and a bounce transpired. Summary: The target for this upwards swing is now at 1,367. In the short term, look out for...
by Lara | Mar 2, 2018 | Gold |
Last analysis expected a trend change and upwards movement for Gold. This is exactly what has happened. Summary: Expect now an upwards swing for a few days. The target is at 1,391, but this may be a little too high. New updates to this analysis are in bold. Grand...
by Lara | Feb 22, 2018 | Gold |
A strong breach of the channel on the hourly chart has indicated a low is probably in for Gold, at least for the short term. Upwards movement then has continued as expected after the breach. Summary: Look for price to continue now in an upwards swing to end above...
by Lara | Dec 19, 2017 | Gold, Public Analysis |
Price has been behaving exactly as expected now for over a week. We may have reasonable confidence in the current Elliott wave count. Volume analysis also supports it today. Summary: Upwards movement may end tomorrow at 1,268 to 1,270. Thereafter, a third wave down...
by Lara | Dec 16, 2017 | Gold |
A target for another day or so was 1,264. Price moved higher to reach 1,261.40 before turning down. Summary: A multi day bounce for minor wave 2 has arrived. The target for minor wave 2 is still 1,268, which may be met in another two or five days. Short positions...
by Lara | Oct 18, 2017 | Gold |
Further downwards movement continued as the last analysis expected. Summary: The pullback may be over. A clear breach of the channel on the hourly charts by upwards movement would give confidence that a low is in place. At that stage, long positions would have...
