by Lara | Jul 19, 2019 | Gold |
The first target at 1,452 was almost met this week with a high at 1,450.65. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish case has...
by Lara | Jul 17, 2019 | Gold |
Downwards movement was expected to end within a very few hours after last analysis was published and thereafter to be followed by an upwards breakout. Today price has closed above the upper edge of the pennant pattern, but a lack of support from volume so far is...
by Lara | Jun 26, 2019 | Gold |
A little more downwards movement leaves both Elliott wave counts valid. Summary: A high may now be in place earlier than expected for the bearish Elliott wave count. Price may continue higher towards 1,565 for the bullish Elliott wave count. A new low by any amount at...
by Lara | Jun 23, 2019 | Gold |
All three Elliott wave counts remain valid and two short-term scenarios are considered for members today on hourly charts. Overall, all three Elliott wave counts expect the same direction next but targets differ. Summary: A shallow consolidation or a pullback to test...
by Lara | Jun 4, 2019 | Gold |
A small consolidation or pullback was expected to begin within this upwards movement. Today that may have arrived, as the short-term expectation for yesterday’s hourly chart anticipated. Summary: This upwards trend is expected to end above 1,346.45 but not above...
by Lara | Jun 1, 2019 | Gold |
An upwards breakout fits the alternate Elliott wave count. Summary: An upwards breakout on Friday has support from volume. The target is just above 1,346. A new high above 1,311.40 would add confidence that an upwards trend to move above 1,346.45 is underway. Grand...
by Lara | May 13, 2019 | Gold |
A strong upwards day with support from volume sees price break out of the channel on the daily chart. This necessitates a change in the Elliott wave count. Summary: There is strength in this upwards movement. The Elliott wave count now expects it to continue to end...
by Lara | May 9, 2019 | Gold |
Downwards movement was expected for Thursday’s session. An inside day sees price remain above identified support and below the Elliott wave invalidation point. Summary: Expect the downwards trend to resume. Look out now for a possible strong increase in...
by Lara | Apr 19, 2019 | Gold |
With New York Stock Exchange closed for Good Friday, there is no new data to analyse for Friday’s session. But the weekly technical analysis is updated in this analysis. Strong signals from On Balance Volume support the Elliott wave count. Summary: The downwards...
