by Lara | Sep 21, 2018 | Gold |
Downwards movement was expected as imminent, which is what has happened for Friday. Summary: A small Elliott wave triangle looks like it may be complete now for Gold. A downwards breakout looks to be underway. Further confidence in this may be had if price closes...
by Lara | Aug 30, 2018 | Gold |
Downwards movement today fits expectations for GDX and for one of the Elliott wave counts for Gold. 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,...
by Lara | Aug 8, 2018 | Gold |
A signal is given today from On Balance Volume that supports the main Elliott wave count for Gold. A target is given for GDX. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning December 2016). The...
by Lara | Jul 4, 2018 | Gold |
A doji candlestick on the daily chart fits the expectations for a consolidation to continue. Summary: A multi day to multi week consolidation looks likely to have begun here. It may be a sideways consolidation to last one to two weeks, remaining below 1,282.20. When...
by Lara | Jun 11, 2018 | Gold |
Upwards movement continues as expected from the main Elliott wave count. A signal today from On Balance Volume offers a little support to the main Elliott wave count. Summary: The target is now 1,411. Triple bullish divergence between price and Stochastics suggest a...
by Lara | May 10, 2018 | Gold |
A new high above 1,318.53 provides some confidence in the main Elliott wave count. The target remains the same. Summary: The target is now at 1,431. Further and substantial confidence in an upwards trend may be had now if price makes a new high above 1,333.84. Always...
by Lara | Apr 12, 2018 | Gold |
A downwards reaction was expected after yesterday’s strong upwards movement. This is exactly what has happened. Summary: Expect a downwards swing from here to support. The target is at 1,306. Do not expect this swing to move in a straight line. There may be two...
by Lara | Mar 26, 2018 | Gold |
A little sideways and lower movement to end about 1,344 was expected to begin the new trading week. Thereafter, the upwards swing was expected to continue. This is exactly what happened. A little downwards movement opened the first session of the week to reach a low...
by Lara | Mar 7, 2018 | Gold |
Upwards movement was expected. A higher high and a higher low fits the definition of upwards movement, but the candlestick has closed red and downwards movement during the session breached the short term invalidation point on the hourly chart. Summary: Look for...
