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...
by Lara | Sep 3, 2019 | Gold |
Although the new month has begun with a strong upwards day, price remains range bound and below resistance. Summary: Resistance is currently about 1,565 and support is about 1,525. A close above resistance with support from volume would indicate more upwards movement...
by Lara | Aug 30, 2019 | Gold |
Downwards movement has continued as expected after a new high for the week. Summary: It looks increasingly likely that at the end of the week a major high may be in place. The upwards trend reached very extreme and overbought, and there are now candlestick reversal...
by Lara | Aug 12, 2019 | Gold |
Upwards movement continued as both Elliott wave counts expected. Targets remain the same. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable distance further, or a trend...
by Lara | Aug 8, 2019 | Gold |
Both Elliott wave counts have targets which expect more upwards movement. A small range inside day does not change the expectation. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a...
