by Lara | Apr 28, 2018 | Gold |
At least two different structures for this consolidation remain valid. The target remains the same. Summary: For the short term, price may move higher to begin the new week to above 1,332.34 but not above 1,333.84. Alternatively, it may just move sideways for a few...
by Lara | Apr 26, 2018 | Gold |
Downwards movement towards the target continues exactly as expected. Summary: The target zone for this downwards swing to end is now at 1,306 to 1,302. It may end tomorrow. At its end this downwards swing may offer a very good entry point for a long position prior to...
by Lara | Apr 19, 2018 | Gold |
Downwards movement has unfolded as expected. Price remains within the channel on the hourly chart. This channel will continue to be very important. Summary: Overall, still expect a downwards swing from here to support. When the channel on the hourly chart is breached...
by Lara | Apr 17, 2018 | Gold |
Overall, downwards movement was expected for this week. This is now what is happening. A channel may now be drawn on the hourly chart that may be useful for resistance. Summary: Expect a downwards swing from here to support. The target is at 1,306. Do not expect this...
by Lara | Mar 14, 2018 | Gold |
A small inside day sees analysis unchanged. The Elliott wave counts remain the same and volume continues to favour the first hourly chart. Summary: Expect overall upwards movement this week; momentum may increase in the next day or so. The target is at 1,391, but this...
by Lara | Mar 12, 2018 | Gold |
Overall, upwards movement was expected and so far continues with a slightly higher low for Monday. Pullbacks remain above the Elliott wave invalidation point. Summary: Expect overall upwards movement this week; momentum may increase in the next day or so. The target...
by Lara | Feb 22, 2018 | Gold |
Price continued lower towards the target, which was at 1,328 – 1,324. The low for the session was 1.83 below the small target zone. Summary: It is possible price can continue lower while it remains within the best fit channel on the main hourly chart. If the...
by Lara | Feb 3, 2018 | Gold |
A consolidation or pullback continues as expected. Two ideas for the short term are now considered at the hourly chart level. Summary: A consolidation looks likely to have begun, and it may be as time consuming as a Fibonacci 13 or even 21 weeks. It is also possible...
by Lara | Jan 31, 2018 | Gold |
Price continues to move sideways in a consolidation, which is what the last analysis expected. Volume during this consolidation may indicate the direction of the breakout, when it is done. Summary: A consolidation looks likely to have begun, and it may be as time...
