by Lara | Oct 7, 2019 | Gold |
Price remains range bound. All three daily Elliott wave counts remain valid. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be at 1,420. A new high above 1,534.62 would add confidence to a more...
by Lara | Sep 13, 2019 | Gold |
Gold has moved lower for this last week, which was overall what was expected from both Elliott wave counts. The price point which differentiates the bull and bear Elliott wave counts remains the same. Summary: The situation is still unclear for the short term. The...
by Lara | Aug 22, 2019 | Gold |
Another small range day continues sideways movement as a pennant pattern unfolds. The target calculated using the flag pole length remains the same. Summary: A classic analysis target using the pennant pattern is at 1,669. The bullish Elliott wave count expects this...
by Lara | Jul 31, 2019 | Gold |
Both hourly charts yesterday expected some downwards movement, which is what is happening so far. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a sideways consolidation may continue this week and possibly for...
by Lara | Jul 9, 2019 | Gold |
Another small range day moves price mostly sideways. After a highly significant breakout, a pullback or consolidation was expected to test support. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and...
by Lara | Jun 14, 2019 | Gold |
The alternate Elliott wave count expected for the short term a new high to 1,349 before a reversal. Price reached 1,357.92, remaining below the Elliott wave invalidation point, and there sharply reversed. Summary: A high may now be in place for Gold. A new target is...
by Lara | May 23, 2019 | Gold
For the very short term, a bounce was expected for this session. The bounce is higher than expected, but it remains below the Elliott wave invalidation point. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may still be more likely....
by Lara | May 1, 2019 | Gold |
Some downwards movement at the end of the session fits expectations from the Elliott wave counts. Summary: Expect the downwards trend to resume. The mid-term Elliott wave target is at 1,220. The classic analysis target is at 1,217. Risk is just above the upper edge of...
by Lara | Apr 9, 2019 | Gold |
Upwards movement remains below the invalidation point and price remains within the base channel. The next target at the 0.618 Fibonacci ratio is now used. Summary: This bounce may end about 1,307 to 1,310, which may be about the upper edge of the base channel. If...
