by Lara | Apr 15, 2019 | Gold |
This analysis overall expects a downwards trend, which is how the new trading week has begun. Summary: The downwards trend has resumed. There will be bounces and consolidations along the way down. Downwards momentum may now show some increase, and corrections may...
by Lara | Mar 22, 2019 | Gold |
A bounce on Friday remains below the short-term invalidation point for the hourly Elliott wave count. The mid and long-term targets remain the same. Summary: Three long-term targets are now calculated for cycle wave c to end. Confidence in a new downwards trend may be...
by Lara | Feb 28, 2019 | Gold |
The preferred Elliott wave count expected price to continue lower, which is exactly what has happened. A channel was used on the hourly chart to indicate where bounces may find resistance, and this has almost perfectly shown where the high for the session ended before...
by Lara | Feb 6, 2019 | Gold |
Price remains within the channel. At this stage, the analysis has now switched to neutral, awaiting technical indication of a trend change or a continuation of the existing trend. Summary: The last four sessions may be the start of a new downwards trend, or a small...
by Lara | Jan 15, 2019 | Gold |
Both Elliott wave counts expected more sideways movement, which is what has happened. The breakout is expected to be in the same direction from the Elliott wave count and from classic technical analysis of the current pattern. Summary: A sideways consolidation is now...
by Lara | Dec 12, 2018 | Gold |
Sideways movement in a small range fits the short-term expectation from the Elliott wave count. Volume today supports the preferred Elliott wave count. Summary: For the very short term, a small pullback to about 1,235 may continue, lasting about another 3 days....
by Lara | Nov 20, 2018 | Gold |
The main Elliott wave count expected more upwards movement, which is so far what has happened. Summary: For the very short term, another pullback to about 1,209 may unfold before upwards movement resumes. The target for the short term is 1,295. The final target for...
by Lara | Oct 27, 2018 | Gold |
For the mid term, volume and On Balance Volume this week give an important signal. For the short term, Friday’s candlestick gives a contradictory signal. The main Elliott wave count remains the same. Summary: Another multi week consolidation may have begun,...
by Lara | Sep 25, 2018 | Gold
Another small range inside day sees the Elliott wave counts very slightly adjusted, but this makes little difference to the short term expectation and no difference to the mid or long term expectation. The breakout direction is still expected to be the same. Summary:...
