by Lara | Dec 5, 2019 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – December 5, 2019 Upwards movement has halted almost right at the lower edge of a triangle trend line. The breakout had support from volume and so some confidence may still be had in it. The target remains the...
by Lara | Nov 28, 2019 | Gold
GOLD: Elliott Wave and Technical Analysis | Charts – November 28, 2019 A very small range inside day sees the wave count unchanged. Summary: The downwards trend may resume. The Elliott wave target is at 1,348. A target calculated from the triangle is about...
by Lara | Nov 8, 2019 | Gold
More downwards movement was expected for Friday, which is what has happened. The weekly candlestick strongly suggests the main Elliott wave count is more likely. Summary: The Elliott wave target is at 1,348. A target calculated from the adjusted triangle is about...
by Lara | Nov 6, 2019 | Gold
Price remains range bound and a triangle remains valid. The short-term volume profile still suggests the same direction for a breakout. Summary: For the very short term, a new low below 1,482.52 adds a little confidence in a more bearish outlook. A new low below...
by Lara | Oct 17, 2019 | Gold
Another small range day remains within a consolidation zone. Three daily Elliott wave counts remain valid. Today volume and ATR suggest a direction for tomorrow. Summary: A downwards breakout may happen in the next day or so. A new low below 1,456.64 would provide...
by Lara | Oct 15, 2019 | Gold
The main wave count expected downwards movement for the last session, which is what has happened. All three daily Elliott wave counts remain valid as price remains range bound. Summary: A new low below 1,456.64 would provide confidence that the downward trend has...
by Lara | Sep 25, 2019 | Gold
A bounce was expected to end soon, and the downwards trend was expected to thereafter resume. Strong downwards movement today indicates the bounce is over. Summary: A short-term target may now be at 1,464 or 1,420. A classic analysis target using the flag pattern is...
by Lara | Sep 23, 2019 | Gold
To begin the week a bounce was expected to continue upwards to about 1,529. Upwards movement for Monday has reached 1,525.91. Summary: The bounce may continue up to about 1,529 before the downwards trend resumes. The bearish Elliott wave count expects a new downwards...
