by Lara | Oct 16, 2017 | Copper, GDX, Gold
Last analysis expected upwards movement to continue towards a target at 1,320. Price did make a new high but was well short of the target. Summary: The larger trend remains up but a pullback has finally arrived. At its end, it should offer an entry point to join the...
by Lara | Oct 11, 2017 | Gold, Public Analysis
The overall upwards trend continues. Summary: Note that inaccurate data from StockCharts substantially reduces the confidence in classic technical analysis today. While price remains above 1,284.48 and most importantly within the pink base channel on the main hourly...
by Lara | Oct 11, 2017 | Gold
The overall upwards trend continues, which is what the Elliott wave counts expected at the daily chart level. Summary: A pullback to test support is still likely either here or very soon. The target is at 1,274 – 1,273. Overall, at this time, the trend is up. If...
by Lara | Oct 6, 2017 | Gold
The target for downwards movement was 1,256. Price has reached 1,260.72, 4.42 short of the target. Summary: A low may be in place at least for the mid term for Gold. A breach of the channel on the hourly charts is required for confidence in this view. The fist target...
by Lara | Oct 3, 2017 | Gold
Downwards movement continued as both Elliott wave counts expected. Volume analysis will be used to indicate which of three hourly Elliott wave counts looks most likely. Summary: Assume the trend remains down while price remains below 1,289.67. A new high above...
by Lara | Sep 26, 2017 | Gold, Public Analysis
Yesterday’s strong upwards movement has been reversed. A new low below 1,296.23 indicated the alternate hourly Elliott wave count should be used. Summary: The bigger picture reverts to seeing a pullback continue here to about 1,261. It may be as low as 1,170...
by Lara | Sep 5, 2017 | Gold
Upwards movement continues as the main Elliott wave count expects. Price today bounced up perfectly from the upper edge of the base channel. This gives us an important clue as to what should happen next. Summary: An upwards breakout has support from volume. Look out...
by Lara | Aug 21, 2017 | Gold
A little downwards movement followed by more upwards movement is exactly what all three hourly Elliott wave counts expected for Monday’s session. Summary: Upwards movement may end within the next 24 hours below 1,313.91. Thereafter, there may be a sharp trend...
by Lara | Jul 4, 2017 | Gold
Sideways movement fits expectations following the strong downwards day of the 3rd of July, which was also expected. The Elliott wave count is nicely predicting price behaviour at this time, and it has substantial support from classic technical analysis. Summary:...
