by Lara | Oct 9, 2017 | Gold |
Last Elliott wave analysis expected upwards movement from Gold to begin the new week, which is exactly what has happened. Summary: For the very short term, look out for a small pullback to about 1,277 – 1,275. Thereafter, look for the new upwards trend to...
by Lara | Sep 7, 2017 | Gold |
Upwards movement continues exactly as expected. The target remains the same. Summary: The trend is upwards. All trades always should be with the trend. Be prepared to exit long positions soon, either at the target or if price moves strongly down back into the base...
by Lara | Aug 16, 2017 | Gold |
A little more downwards movement was expected to a target at 1,266. Price did move lower, but did not make a new low and has fallen $2.34 short of the target. Summary: A short term target is now at 1,307. The final target is still at 1,320. The trend still looks to be...
by Lara | Jul 31, 2017 | Gold |
Overall, more upwards movement was expected; a slight new high fits the main Elliott wave count. Downwards movement during Monday’s session remained above the short term invalidation point on the hourly chart. Summary: The target is 1,277. Use the blue Elliott...
by Lara | May 30, 2017 | Gold |
A little upwards movement was expected but price fell $8 short of the target. Summary: The bounce for minor B looks complete. Downwards movement is expected for one to a few weeks. The first weekly chart has a target at 1,141. The second weekly chart has a target...
by Lara | Mar 10, 2017 | Gold |
Price moved into the target zone, which was 1,197 to 1,192, and then turned upwards to print a green daily candlestick. Summary: Allow for the possibility of new lows while price remains within the channel. The next target is now at 1,193 – 1,192. If the...
by Lara | Feb 27, 2017 | Gold |
More upwards movement continued to start the new week as the main Elliott wave count expected. Summary: Use the channel on the second hourly chart and the channel on the alternate hourly chart. Assume the upwards trend remains the same while price remains within the...
by Lara | Feb 21, 2017 | Gold |
Gold is still range bound. Classic analysis, with a heavy reliance on volume analysis, is used to determine probability of the main versus alternate Elliott wave counts today. Summary: Gold has now been range bound for nine sessions. Resistance is at 1,245 and support...
by Lara | Dec 8, 2016 | Gold |
Sideways movement was expected. In the short term, some downwards movement within a consolidation was expected for the session, and this is what has happened. Summary: At this stage, it looks more likely that Gold is within a sideways consolidation that may last a...
