by Lara | Nov 28, 2017 | Gold |
More sideways movement is overall expected for this week. Price is behaving as expected, and the breakout is still expected to be in the same direction. Summary: Members please note: the second wave count is strongly preferred. Intermediate wave (B) may continue for...
by Lara | Aug 18, 2017 | Gold |
Another upwards day was expected by both Elliott wave counts. Summary: The upwards trend now looks choppy and overlapping, so it may be a diagonal nearing its end. The target at 1,320 may be too high. Always use a stop. Invest only 1-5% of equity on any one trade. New...
by Lara | Jul 17, 2017 | Gold |
The bounce has continued as the alternate hourly Elliott wave count expected. Summary: There is very strong resistance close by at 1,236.50 which price may not be able to overcome. This is still expected to be a counter trend bounce that presents an opportunity to...
by Lara | Jun 12, 2017 | Gold |
A slight new low followed by some sideways movement fits mostly with expectations for the hourly Elliott wave count. Summary: A second wave bounce may end about 1,277. Thereafter, a third wave down may unfold for a few days. Always use a stop, which should be just...
by Lara | May 15, 2017 | Gold |
Upwards movement was expected for Monday to a target at 1,235 – 1,236. The high for Monday was 1,236.88. Summary: A new high above 1,236.88 would indicate the short term upwards trend is still intact and the target would then be at 1,245. In the short term, a...
by Lara | May 10, 2017 | Gold |
A small inside day indicates a small consolidation. Today’s candlestick completes a Harami reversal pattern, but this is not a strong reversal pattern though. An alternate Elliott wave count is provided. Summary: If GDX is again to lead Gold price, then Gold...
by Lara | Apr 14, 2017 | GDX, Gold |
Upwards movement continues and price has remained within the upper half of the channel on the hourly chart, which was expected at this stage. Trading advice is given to members to manage long positions towards the end of this week. Summary: In the short term, a...
by Lara | Apr 6, 2017 | Gold |
An upwards breakout was again expected, but price remains range bound. Summary: Look out for strong upwards movement from both Gold and GDX, which may happen during a price shock instigated by the release of Non Farm Payroll data during tomorrow’s session. The...
by Lara | Apr 3, 2017 | Gold |
Upwards movement was expected for the main Elliott wave count. A new alternate is provided today at the hourly chart level in response to volume analysis for Monday’s session. Summary: It is very concerning that volume today and for Friday does not support...