by Lara | Dec 14, 2016 | Gold |
Again, upwards movement was expected to complete a small consolidation before price fell further. The consolidation was already complete and price has made a new low. Summary: The target for downwards movement to be interrupted is at 1,115. A break above the yellow...
by Lara | Dec 1, 2016 | Gold |
Another new low for Gold was not expected. Summary: Weakness from ATR, extreme oversold conditions for RSI and Stochastics, and now divergence with price and RSI at today’s low all strongly indicate a reversal either here or very soon. A new high above 1,181.36...
by Lara | Oct 24, 2016 | Gold |
An outside day closes with a red candlestick, which slightly favours the main Elliott wave count. Both Elliott wave counts remain viable while price remains within the consolidation / invalidation points. Summary: A new low below 1,247.67 would confirm the main wave...
by Lara | Sep 16, 2016 | Gold |
Upwards movement was expected for Friday’s session but did not happen. Price remains above the invalidation point on the daily chart, which is where final risk remains. Summary: Divergence between the last two swing lows for price and RSI indicate bears are...
by Lara | Sep 8, 2016 | Gold |
A little downwards movement was expected to end about 1,338. Price has moved lower to reach 1,335.89 so far. Summary: Look out now for surprises to the upside. In the short term, a little more downwards movement to 1,333 – 1,330 is expected before price turns up...
by Lara | Aug 1, 2016 | Gold |
Upwards movement was expected for Monday. Overall, the session moved upwards to complete a green daily candlestick. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one...
by Lara | Jul 18, 2016 | Gold |
Downwards movement was expected to begin the new week. Price has moved sideways in a small range, remaining below the invalidation point (which is close by) on the first Elliott wave hourly chart. Summary: The trend is still up. A multi day correction against the...
by Lara | May 21, 2016 | Gold |
The main Elliott wave count expected upwards movement for Friday’s session. Price moved sideways in a small range. Summary: At the end of the week the situation is unclear. Classic technical analysis at the weekly chart level this week favours the alternate...
by Lara | May 5, 2016 | Gold |
Price moved slightly lower, which was allowed for but not expected from yesterday’s analysis. Summary: This looks like a good set up now for a long trade on Gold. Price has broken out of a consolidation on increased volume, now turned down to find support at...
