by Lara | Oct 30, 2019 | Gold |
Price has bounced up off the lower edge of the ascending triangle trend line. The breakout from the triangle is now expected in 10 more sessions. All three Elliott wave counts remain valid. Summary: For the very short term, a new low below 1,481.55 would add...
by Lara | Oct 8, 2019 | Gold |
The base channel on the main daily Elliott wave count may show were price finds resistance tomorrow. Summary: For the very short term, expect upwards movement tomorrow to continue to resistance at the upper edge of the base channel. If price gets up to resistance,...
by Lara | Sep 16, 2019 | Gold |
A small amount of upwards movement to start the week remains below the short-term invalidation point. Both Elliott wave counts remain valid. Summary: The situation is still unclear for the short term. The bounce may continue up to about 1,529 before the downwards...
by Lara | Aug 24, 2019 | Gold |
For the short term, upwards movement to at least 1,528.20 was expected. The high for Friday at 1,528.68 meets this expectation perfectly. Summary: A classic analysis target using the pennant pattern is at 1,660. Friday broke above the upper edge of the pennant with...
by Lara | Aug 1, 2019 | Gold |
The last two sessions have seen price whipsaw within a consolidation zone. Today On Balance Volume gives a reasonable signal. All Elliott wave counts remain valid. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a...
by Lara | Jul 10, 2019 | Gold |
Price remains range bound. A breakout is expected shortly. Elliott wave counts provide targets. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and back test support about 1,360 to 1,375. That test of...
by Lara | Jun 17, 2019 | Gold |
A small range day with a long lower wick moves price a little lower. Downwards movement overall was expected from the main Elliott wave count. Summary: A high may now be in place for Gold. A new target is at 1,014. Thereafter, if price keeps falling, the next target...
by Lara | May 25, 2019 | Gold |
Price remains range bound at the end of the week after moving mostly sideways. All Elliott wave counts remain valid. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout next week may still be more likely. The target would then be at...
by Lara | May 2, 2019 | Gold |
Downwards movement continues as expected from all three Elliott wave counts. Targets remain the same. 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...
