by Lara | Sep 20, 2018 | Gold |
Price remains range bound. A breakout should come tomorrow or early next week. On Balance Volume shall be watched carefully; it may give a signal prior to a breakout. Summary: A small Elliott wave triangle looks like it may be very close to completion now for Gold....
by Lara | Aug 29, 2018 | Gold |
For GDX the target remains the same and resistance continues to hold as expected. Summary: It is again possible for Gold that a low may be in place, but this needs some confirmation with a new high above 1,216.30. While price remains below 1,216.30, it is possible...
by Lara | Aug 7, 2018 | Gold |
Another inside day completes a Shooting Star candlestick pattern. The implications of this pattern today are evaluated in context of recent price movement. Members’ attention today is directed to the long term picture for GDX, which is significant for this...
by Lara | Jul 21, 2018 | Gold |
Technical analysis at the end of this week focuses on candlestick patterns along with a very few key indicators. A strong pattern at the end of the week suggests the direction for next week for Gold. Summary: It looks very likely that a low is in place for Gold for...
by Lara | Jun 30, 2018 | Gold, Gold Historical |
A candlestick pattern on the daily chart in combination with volume analysis indicate the most likely scenario for early next week. Summary: The short term target is at 1,227 for a multi day to multi week consolidation. The mid term target is 1,216 – 1,211....
by Lara | Jun 27, 2018 | Gold |
Downwards movement continued as last analysis expected it to. The target remains the same. Summary: The short term target is at 1,226 for a multi day to multi week consolidation. The mid term target is 1,216 – 1,211. Downwards movement may be limited to no lower...
by Lara | Jun 26, 2018 | Gold |
Downwards movement today breached a trend line on one of the daily Elliott wave counts, and because of the breach it has now been discarded. Volume analysis today is used to indicate the most likely direction for tomorrow. Summary: With volume now supporting downwards...
by Lara | Jun 25, 2018 | Gold |
A small bounce was expected to continue the new trading week. An outside day remains above the last low, and the higher high fits expectations. Summary: The triangle wave count is now preferred. A small bounce up to about 1,279 may end within the next one or two days....
by Lara | Jun 20, 2018 | Gold |
Price is right at a trend line on the prior main Elliott wave count. Movement over the next very few days may provide some illumination as to which Elliott wave count is more likely. Summary: In the first instance, look now for support at the black (2)-(4) trend line...
