by Lara | Mar 18, 2019 | Gold |
A little upwards movement remains below the invalidation point. A new short-term Elliott wave count is considered. Summary: Three long-term targets are now calculated for cycle wave c to end. Confidence in a new downwards trend may be had with a new low below...
by Lara | Feb 22, 2019 | Gold |
A small range inside day sees the Elliott wave count remain the same. At the end of this week, classic analysis now supports the Elliott wave count. Summary: Both a Shooting Star on the weekly chart and an Evening Star on the daily chart indicate a high may be in...
by Lara | Jan 31, 2019 | Gold |
Upwards movement continues towards the target. Summary: The next Elliott wave target is at 1,338. The next classic analysis target is at 1,349. Assume the trend remains the same until proven otherwise. For confidence in a trend change the following things may be seen:...
by Lara | Jan 9, 2019 | Gold |
A sideways consolidation was expected to begin after the session for the 4th of January closed. The following three sessions thereafter have all moved sideways, which exactly meets expectations. Elliott wave analysis is used to determine when a corrective structure...
by Lara | Dec 6, 2018 | Gold |
Upwards movement has continued as expected. The Elliott wave targets remain the same. Summary: The upwards trend may resume. The mid-term target remains the same at 1,295. For the very short term, another interruption to the upwards trend may occur about 1,250. The...
by Lara | Nov 14, 2018 | Gold |
A strong bounce invalidated the short-term hourly chart of one Elliott wave count, which increased the confidence in another Elliott wave count. Summary: Reasonable weight is given today to a candlestick reversal pattern. It looks like a low is now in place. The...
by Lara | Oct 22, 2018 | Gold |
Sideways movement was expected to continue. A small range downwards day remains between identified support and resistance. This fits expectations. Summary: A small Elliott wave triangle or classic pennant pattern may be completing. Look out for an upwards breakout to...
by Lara | Sep 19, 2018 | Gold |
Price continues to move sideways all week, which is what the preferred Elliott wave count expected. The breakout is still expected to be in the same direction, and this has support from volume analysis. Summary: A small Elliott wave triangle looks like it may be very...
by Lara | Aug 28, 2018 | Gold |
Gold remains within a small range of uncertainty, but GDX analysis at this time looks clearer. With resistance holding as expected for GDX, some confidence in the trend and the target may still be had. Summary: It is again possible for Gold that a low may be in place,...
