by Lara | Aug 24, 2016 | Gold |
Downwards movement unfolded exactly as expected. Summary: Price should move a little lower to complete a five wave impulse. The short term target is at 1,315. If price breaks below 1,310, then a target for downwards movement to end is at 1,279. The longer term trend...
by Lara | Aug 24, 2016 | US Oil
Last week’s analysis expected downwards movement as most likely. Price continued higher. Summary: The Elliott wave count at this stage is unclear. With price now within a B wave within a fourth wave correction, the multiple structural possibilities mean it is...
by Lara | Aug 23, 2016 | Gold |
Downwards movement was expected. Again, price moved overall sideways to complete a very small daily Gravestone doji. Summary: Price should move a little lower to complete a five wave impulse. The short term target is at 1,315. If price breaks below 1,310, then a...
by Lara | Aug 22, 2016 | Gold |
A new low below 1,334.06 invalidated the main Elliott wave count at the hourly chart level, indicating more downwards movement ahead. Summary: Price should move a little lower to complete a five wave impulse. The short term target is at 1,315. If price breaks below...
by Lara | Aug 20, 2016 | Gold |
A short term downwards movement was expected to end a little below 1,346.27 but not below 1,340.01. Price broke a little below 1,340.01 to reach 1,338.06 invalidating the first hourly Elliott wave count and unfolding as expected for the second hourly Elliott wave...
by Lara | Aug 18, 2016 | Gold |
Upwards movement was expected. Price moved sideways in a narrow range, but did make a higher high and a higher low from the prior session. Summary: In the short term, a counter trend movement should end within the next 24 hours a little below 1,346.27 but not below...
by Lara | Aug 17, 2016 | Silver |
A downwards spike below 19.549 invalidated the daily Elliott wave count. Upwards movement was expected for the last week but did not happen. Summary: A new Elliott wave count expects to see some more sideways movement before an upwards breakout. The market is range...
by Lara | Aug 17, 2016 | Gold |
A correction was expected to end about 1,339 before upwards movement resumed. The correction ended at 1,340.1. Thereafter, upwards movement continues as expected. Summary: The target for the main wave count remains at 1,582. Substantial confidence in the main wave...
by Lara | Aug 16, 2016 | Gold |
Upwards movement was again expected for the session. Summary: The target for the main wave count remains at 1,582. Substantial confidence in the main wave count may now be had if price can move above 1,366.87. A new low below 1,310.84 would invalidate the main wave...