by Lara | Nov 23, 2019 | Gold |
Downwards movement has continued at the end of the week as the main Elliott wave count has expected. Summary: The downwards trend may resume. The Elliott wave target is at 1,348. A target calculated from the triangle is about 1,431. For the very short term, a new...
by Lara | Oct 31, 2019 | Gold |
Price remains range bound within the trend lines of a possible ascending triangle. The breakout may come in another 9 sessions. Summary: For the very short term, a new low below 1,481.55 would add confidence in a more bearish outlook. The target would be at 1,348. For...
by Lara | Oct 9, 2019 | Gold |
More upwards movement was expected for the very short term. This is exactly what is happening. Summary: How price behaves in the next 24 hours may indicate which bearish wave count is correct. A new low below 1,456.64 would provide confidence that the downward trend...
by Lara | Sep 17, 2019 | Gold |
Sideways movement continues. The breakout is expected this week. Summary: The bounce may continue up to about 1,529 before the downwards trend resumes. The bearish Elliott wave count expects a new downwards trend to last one to several years has begun. Confidence in...
by Lara | Aug 26, 2019 | Gold |
Both Elliott wave counts at the end of last week expected upwards movement. The first target at 1,543 was met and exceeded by $9.65 before price reversed. Summary: Today increasing bearishness in classic analysis suggests the risk of at least a short-term high is very...
by Lara | Aug 2, 2019 | Gold |
Price remains below resistance and above support. This week the trend reaches extreme and conditions are overbought. All three Elliott wave counts remain the same. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a...
by Lara | Jul 11, 2019 | Gold |
Price remains range bound. The short-term structure on the hourly chart now suggests the most likely breakout direction. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and back test support about...
by Lara | Jun 18, 2019 | Gold |
For the very short term, a deep bounce was expected, which is what has happened. Price remains below the invalidation point. 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 is at 808. Along...
by Lara | May 27, 2019 | Gold |
Another very small range day fits the short-term expectation for the main Elliott wave count for price to move very slightly higher. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout this week may still be more likely. The target...
