by Lara | Sep 3, 2018 | Gold |
With New York closed because of Labor Day, the markets were quiet. A very small range day closes as a small inside doji candlestick, which does not alter this analysis. Summary: Analysis of GDX, which is bearish, supports the combination wave count for Gold; with...
by Lara | Aug 11, 2018 | Gold |
The short term Elliott wave structure and strong volume for Friday indicate the direction for next week. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning December 2016). The target is at 16.10. The...
by Lara | Jun 13, 2018 | Gold |
An outside day closes green, and the balance of volume is upwards. This fits expectations for the main Elliott wave count. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics suggest a low may be in place here or very soon. If...
by Lara | May 16, 2018 | Gold |
Another slight new low today remains above the invalidation point. Two short term scenarios are presented today. Summary: The target is now 1,416. Strong bullish divergence between price and Stochastics suggests a low is in place now, or very soon indeed with a...
by Lara | Mar 28, 2018 | Gold |
The upwards swing has been proven by price to be over earlier than expected. Price remains range bound. Summary: Expect this downwards swing to continue to support, which is at about 1,310 to 1,305. Note: Price does not move in a straight line when it is within a...
by Lara | Mar 9, 2018 | Gold |
A little more downwards movement to a target at 1,318 – 1,317 was expected before a reversal. Price moved lower and reversed 2.84 below the small target zone. Summary: Expect overall upwards movement next week. The target is at 1,391, but this may be too high....
by Lara | Feb 1, 2018 | Gold |
Last analysis expected a consolidation to continue. A long legged doji closed, which moved price essentially sideways as expected. Summary: A consolidation looks likely to have begun, and it may be as time consuming as a Fibonacci 13 or even 21 weeks. It is also...
by Lara | Jan 29, 2018 | Gold |
A breach of the channel on the daily and hourly Elliott wave charts indicates the alternate daily chart is more likely. Summary: A consolidation looks likely to have begun, and it may be as time consuming as a Fibonacci 13 or even 21 weeks. It is also possible it may...
