by Lara | Aug 6, 2018 | Gold |
An inside day for Monday sees price remain above the invalidation point on the hourly Elliott wave count. A new alternate idea for the very short term is presented today. Summary: A low may again be in place. Confidence may be had with a new high above 1,227.46. A...
by Lara | Jul 19, 2018 | Gold |
Downwards movement has continued. Price is now within the target zone. Two short term hourly Elliott wave counts outline two possibilities for the next 24 hours. Summary: While price remains below 1,247.37, then allow for new lows to the lower edge of the target zone...
by Lara | Jul 5, 2018 | Gold |
Volume analysis supports the Elliott wave analysis at this stage. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways consolidation to last one to two weeks, remaining below 1,282.20. When the consolidation is...
by Lara | Jun 6, 2018 | Gold |
A higher high and a higher low fits the definition of upwards movement, which is what the main Elliott wave count expected. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics, and a cluster of long lower candlestick wicks,...
by Lara | May 8, 2018 | Gold |
Downwards movement today remains within a small zone of recent support and resistance, and both Elliott wave counts remain valid. Summary: A new high now above 1,318.53 would provide confidence that a low is in place. A breach of the channels would provide substantial...
by Lara | Apr 10, 2018 | Gold |
Upwards movement fits the alternate hourly Elliott wave count. With support now from volume today, the hourly wave counts for the short term picture are swapped over. Summary: A target for upwards movement to end is now at 1,349. Thereafter, expect a downwards swing...
by Lara | Mar 24, 2018 | Gold |
A pullback was expected to end about 1,318 and an upwards swing to resume there, but the pullback was already over and upwards movement continued. Summary: Look for a little sideways or lower movement to begin the new week, which may end about 1,344. Thereafter, the...
by Lara | Mar 5, 2018 | Gold |
Upwards movement was expected. A higher high and a higher low for Monday’s session saw price move overall higher. Summary: Expect now an upwards swing for a few days. The target is at 1,391, but this may be a little too high. New updates to this analysis are in...
by Lara | Feb 13, 2018 | Gold |
Upwards movement continued as expected. Today’s classic analysis sees a new idea for the short term as now more likely. Summary: Price is again right at resistance at the upper edge of the yellow best fit channel on hourly charts. Volume strongly suggests a...
