by Lara | Dec 7, 2015 | Gold |
Upwards movement was expected but did not happen. Price remains above the invalidation point on the hourly chart. Summary: The structure of this correction is unclear. But what looks most likely is that it is not over and may end in two more days at 1,104. Or it may...
by Lara | Nov 17, 2015 | Gold |
Yesterday’s hourly chart expected some more downwards movement short term and warned a new low may be seen. This is what happened. Summary: What looks most likely today is some upwards movement which may last about two days. The target is 1,101 – 1,104 in...
by Lara | Oct 23, 2015 | Gold |
Price whipsawed taking out both invalidation points and providing more confusion, not clarity. Summary: More downwards movement is likely at least for the short / mid term. The target is 1,142 to be met in two days time. A new low below 1,120.32 would be very bearish...
by Lara | Sep 14, 2015 | Gold |
The Elliott wave counts still diverge and price has still not indicated which one is correct. Summary: The bear wave count expects downwards movement to continue, with an increase in momentum, and the bull wave count expects upwards movement. The critical trend line...
by Lara | Sep 3, 2015 | Gold |
Downwards movement is unfolding as expected for both Elliott wave counts. Summary: Downwards movement should continue to 1,096 for the bull wave count or 1,063 for the bear wave count. On the way down, a new low below 1,072.09 would fully invalidate the bull wave...
by Lara | Sep 2, 2015 | Gold |
Downwards movement was expected for Wednesday’s session for Gold. Today’s analysis will answer the question of whether or not price has confirmed the trend. Summary: The channel on the hourly chart is breached, but the breach is not convincing and there is...
by Lara | Aug 24, 2015 | Gold |
Some downwards movement was expected for the new wave count in the short term, which is what has happened. Movement was choppy and overlapping and moved lower for Monday. Today I will expand on three different ideas for the new wave count at the weekly chart level....
by Lara | Aug 13, 2015 | Gold |
The Elliott wave count as updated in yesterday’s analysis is unfolding mostly as expected. Summary: The structure for minute wave iv is still incomplete. Minute wave iv still needs one final fifth wave up to end it, and a target is now calculated at 1,134 which...
by Lara | Aug 4, 2015 | Gold |
The alternate Elliott wave count proved to be correct in the last 24 hours. Summary: A fourth wave triangle should end about 1,099 within the next 24 hours, or maybe as soon as about 8 hours. Thereafter, a fifth wave down should unfold to reach at least slightly below...