by Lara | Sep 8, 2018 | Gold |
All four Elliott wave counts are reviewed in today’s end of week analysis. Summary: The trend is down and may not be complete for Gold. Expect some more downwards movement next week, although it is possible price may move sideways for another week or so to...
by Lara | Sep 5, 2018 | Gold |
GDX continues to move lower as expected, and is now close to the short term target at 17.37. Summary: GDX analysis remains bearish for the bigger picture, but now strong bullish divergence and a little weakness in volume today suggest another bounce here or very soon....
by Lara | Aug 16, 2018 | Gold |
More downwards movement for both Gold and GDX has unfolded exactly as expected. The short term target for GDX was 18.17. A low today for GDX at 18.15 met and slightly exceeded the target. Summary: With support from volume, GDX has effected a downwards breakout from a...
by Lara | Aug 14, 2018 | Gold |
Downwards movement continues for both Gold and GDX as last analysis expected. A new target is calculated for Gold. Targets for GDX remain the same. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning...
by Lara | Jul 25, 2018 | Gold |
A new high very slightly above 1,234.67 now adds confidence to the main Elliott wave count. An alternate Elliott wave count is still considered. Summary: It still is reasonably likely that a low is in place for Gold for the short to mid term. A bounce up now to about...
by Lara | Jun 23, 2018 | Gold |
A small bounce was expected for Friday. A small green daily candlestick moves price slightly higher, fitting expectations. Summary: The triangle wave count is now preferred. Next week may begin with a small bounce up to about 1,279, which may last a very few days....
by Lara | Jun 18, 2018 | Gold |
A small inside day sees the Elliott wave count remain the same. Summary: Look for price, if it gets down that low, to find very strong support about the lower (2)-(4) trend line, which is drawn on all main wave count charts. Always trade with stops to protect your...
by Lara | May 23, 2018 | Gold |
An outside day fits both short term Elliott wave counts. On Balance Volume should give a signal in one or two more sessions. This may add a little clarity to the short term expectations. Summary: The target is now 1,411. Triple bullish divergence between price and...
by Lara | May 21, 2018 | Gold |
The main Elliott wave count expected upwards movement to begin the new trading week. The session began with a slight new low, and then price strongly rebounded to print a green candlestick with a very long lower wick. Summary: The target is now 1,411. Triple bullish...
